Changing Price Level Names in TallyPrime: 4 Steps + Example

1. Understanding Price Levels in TallyPrime

Price levels in TallyPrime are used to assign different prices to the same product or service for different customer segments.

This allows you to offer discounts, premium pricing, or other pricing strategies.

2. Steps to Change Price Level Names in TallyPrime:

1. Go to Alter Master:

• Open TallyPrime and go to Gateway of Tally.
• Press Alt+G (Go To) and select Alter Master.

2. Select Price Levels:

Type or select Price Levels and press Enter.

3. Edit Price Level Names:

• Select the price level you want to rename.
• Press F2 to edit the name.
• Enter the new name for the price level.
• Press Enter to save the change.

4. Save Changes:

Press Ctrl+A to save the changes to the price level names.

3. Example to Change Price Level Names in TallyPrime:

Let’s say you have a price level named “Retail” that you want to rename to “Standard Retail”.

1. Go to Alter Master.
2. Select Price Levels.
3. Select the “Retail” price level.
4. Press F2 to edit the name.
5. Enter “Standard Retail” as the new name.
6. Press Ctrl+A to save the changes.

4. Important Considerations:

• Impact on Existing Transactions: Changing price level names will not affect past transactions.
• Price List Assignments: Ensure that the price levels are correctly assigned to customer ledgers and sales orders.
• Inventory Valuation: If you’re using price levels for inventory valuation, be aware of the impact of changing price level names.

By following these steps, you can easily change the names of price levels in TallyPrime to better reflect your business needs and pricing strategies.