The Price List option appears in the Inventory Info. menu only if you have already created Price Levels.
Go to Gateway of Tally > Inventory Info > Price List
Select a group from the List of Groups.
Under Group
This is the stock group of the Stock Items for which you want to define the Price Lists.
Price Level
Select a Price Level to assign to the Stock Group.
Applicable From
Specify the date from which the Price List is applicable.
The columns you see are as follows.
Sl. No
This column has auto-generated serial numbers to track the number of items in the Price List.
Name of Item
This column has the name of the Stock Item. You can define the Price List for each item.
Quantities - From & Less Than
These fields are repeated for an item and begin with a blank for 0 items and end with a blank for any number of items. This is useful for quantity based pricing and discounts. You can create a staggered quantity price structure, if required.
If you do not require quantity based pricing, leave From and Less Than fields blank.
Rate & Discount (if any)
For each quantity band, give a specific price or maintain the same price for all bands, but define different discounts. You can use different methods for different items.
Historical Details (Rate and Disc%)
If you have a different Price List on a date before the Applicable From date, Tally displays it here.
Cost Price
In this column, the Cost Price (based on the Costing Method set for it) of the item is displayed to help decide the prices.