diff --git a/models/baseModels/tests/testPriceList.spec.ts b/models/baseModels/tests/testPriceList.spec.ts
index 4883189d..91515ab9 100644
--- a/models/baseModels/tests/testPriceList.spec.ts
+++ b/models/baseModels/tests/testPriceList.spec.ts
@@ -3,7 +3,6 @@ import { getDefaultMetaFieldValueMap } from 'backend/helpers';
 import { closeTestFyo, getTestFyo, setupTestFyo } from 'tests/helpers';
 import { ModelNameEnum } from 'models/types';
 import { getItem } from 'models/inventory/tests/helpers';
-import { getItemPrice } from 'models/helpers';
 import { SalesInvoiceItem } from '../SalesInvoiceItem/SalesInvoiceItem';
 import { SalesInvoice } from '../SalesInvoice/SalesInvoice';
 import { PurchaseInvoiceItem } from '../PurchaseInvoiceItem/PurchaseInvoiceItem';
@@ -15,11 +14,7 @@ const itemMap = {
   Pen: {
     name: 'Pen',
     rate: 100,
-    hasBatch: true,
-  },
-  Ink: {
-    name: 'Ink',
-    rate: 50,
+    unit: 'Unit',
   },
 };
 
@@ -30,79 +25,20 @@ const partyMap = {
   },
 };
 
-const batchMap = {
-  batchOne: {
-    name: 'PL-AB001',
-    manufactureDate: '2022-11-03T09:57:04.528',
-  },
-};
-
 const priceListMap = {
   PL_SELL: {
     name: 'PL_SELL',
-    enabled: true,
-    party: 'Shaju',
-    buying: false,
-    selling: true,
-    isUomDependent: false,
-    itemPrice: [
+    isSales: true,
+    priceListItem: [
       {
-        enabled: true,
         item: itemMap.Pen.name,
         rate: 101,
-        buying: false,
-        selling: true,
-        party: partyMap.partyOne.name,
-        validFrom: '2023-02-28T18:30:00.678Z',
-        validUpto: '2023-03-30T18:30:00.678Z',
-        ...getDefaultMetaFieldValueMap(),
-      },
-    ],
-  },
-  PL_BUY: {
-    name: 'PL_BUY',
-    enabled: true,
-    buying: true,
-    selling: false,
-    isUomDependent: false,
-    itemPrice: [
-      {
-        enabled: true,
-        item: itemMap.Pen.name,
-        rate: 102,
-        buying: true,
-        selling: false,
-        party: partyMap.partyOne.name,
-        validFrom: '2023-02-28T18:30:00.678Z',
-        validUpto: '2023-03-30T18:30:00.678Z',
-        ...getDefaultMetaFieldValueMap(),
-      },
-    ],
-  },
-  PL_SB: {
-    name: 'PL_SB',
-    enabled: true,
-    selling: true,
-    buying: true,
-    isUomDependent: false,
-    itemPrice: [
-      {
-        enabled: true,
-        item: itemMap.Pen.name,
-        rate: 104,
-        batch: batchMap.batchOne.name,
-        buying: true,
-        selling: true,
-        party: partyMap.partyOne.name,
-        validFrom: '2023-05-05T18:30:00.000Z',
-        validUpto: '2023-06-05T18:30:00.000Z',
-        ...getDefaultMetaFieldValueMap(),
       },
     ],
   },
 };
 
-test('Price List: create dummy items, parties and batches', async (t) => {
+test('Price List: create dummy item, party, price lists', async (t) => {
   // Create Items
   for (const { name, rate } of Object.values(itemMap)) {
     const item = getItem(name, rate, false);
@@ -119,101 +55,31 @@ test('Price List: create dummy items, parties and batches', async (t) => {
     );
   }
 
-  // Create Batches
-  for (const batch of Object.values(batchMap)) {
-    await fyo.doc.getNewDoc(ModelNameEnum.Batch, batch).sync();
-    t.ok(
-      await fyo.db.exists(ModelNameEnum.Batch, batch.name),
-      `Batch: ${batch.name} exists`
-    );
-  }
-});
-
-test('create Price Lists', async (t) => {
   for (const priceListItem of Object.values(priceListMap)) {
     await fyo.doc.getNewDoc(ModelNameEnum.PriceList, priceListItem).sync();
     t.ok(
       await fyo.db.exists(ModelNameEnum.PriceList, priceListItem.name),
-      `Price List ${priceListItem.name} exists`
+      `Price List: ${priceListItem.name} exists`
     );
   }
+
+  await fyo.singles.AccountingSettings?.set('enablePriceList', true);
 });
 
-test('check item price', async (t) => {
-  // check selling enabled item price
+test('Check if InvoiceItem rate fetched from PriceList', async (t) => {
   const sinv = fyo.doc.getNewDoc(ModelNameEnum.SalesInvoice, {
-    items: [{ item: itemMap.Pen.name, quantity: 1 }],
-    date: priceListMap.PL_SELL.itemPrice[0].validFrom,
-    priceList: priceListMap.PL_SELL.name,
+    date: new Date('2023-01-01'),
     party: partyMap.partyOne.name,
   }) as SalesInvoice;
 
-  const sinvItem = Object.values(sinv.items ?? {})[0];
-  const sellEnabled = await getItemPrice(sinvItem as SalesInvoiceItem);
-
-  const sellEnabledPLName = await fyo.getValue(
-    ModelNameEnum.ItemPrice,
-    sellEnabled as string,
-    'parent'
-  );
-
-  t.equal(sellEnabledPLName, priceListMap.PL_SELL.name);
-
-  // check buying enabled item price
-  const pinv = fyo.doc.getNewDoc(ModelNameEnum.PurchaseInvoice, {
-    items: [{ item: itemMap.Pen.name, quantity: 1 }],
-    date: priceListMap.PL_BUY.itemPrice[0].validFrom,
-    priceList: priceListMap.PL_BUY.name,
-    party: partyMap.partyOne.name,
-  }) as SalesInvoice;
-
-  const pinvItem = Object.values(pinv.items ?? {})[0];
-  const buyEnabled = await getItemPrice(pinvItem as PurchaseInvoiceItem);
-
-  const buyEnabledPLName = await fyo.getValue(
-    ModelNameEnum.ItemPrice,
-    buyEnabled as string,
-    'parent'
-  );
-
-  t.equal(buyEnabledPLName, priceListMap.PL_BUY.name);
-
-  // check sell batch enabled
-  const sinv1 = fyo.doc.getNewDoc(ModelNameEnum.SalesInvoice, {
-    items: [
-      { item: itemMap.Pen.name, quantity: 1, batch: batchMap.batchOne.name },
-    ],
-    date: priceListMap.PL_SB.itemPrice[0].validFrom,
-    priceList: priceListMap.PL_SB.name,
-    party: partyMap.partyOne.name,
-  }) as SalesInvoice;
-
-  const sinv1Item = Object.values(sinv1.items ?? {})[0];
-  const sellBatchEnabled = await getItemPrice(sinv1Item as SalesInvoiceItem);
-
-  const sellBatchEnabledPLName = await fyo.getValue(
-    ModelNameEnum.ItemPrice,
-    sellBatchEnabled as string,
-    'parent'
-  );
-
-  t.equal(sellBatchEnabledPLName, priceListMap.PL_SB.name);
-
-  // undefined returns
-  const sinv2 = fyo.doc.getNewDoc(ModelNameEnum.SalesInvoice, {
-    items: [{ item: itemMap.Ink.name, quantity: 1 }],
-    date: priceListMap.PL_SELL.itemPrice[0].validFrom,
-    priceList: priceListMap.PL_SELL.name,
-    party: partyMap.partyOne.name,
-  }) as SalesInvoice;
-
-  const sinv2Item = Object.values(sinv2.items ?? {})[0];
-  const nonExistItem = await getItemPrice(sinv2Item as SalesInvoiceItem);
+  await sinv.set('priceList', priceListMap.PL_SELL.name);
+  await sinv.append('items', {});
+  await sinv.items?.[0].set('item', itemMap.Pen.name);
 
   t.equal(
-    nonExistItem,
-    undefined,
-    'itemPrice of non-existing item in price list returns false'
+    sinv.items?.[0].rate?.float,
+    priceListMap.PL_SELL.priceListItem[0].rate,
+    `sales invoice rate fetched from price list`
   );
 });
 
diff --git a/schemas/app/PriceList.json b/schemas/app/PriceList.json
index b0738396..733aa5bd 100644
--- a/schemas/app/PriceList.json
+++ b/schemas/app/PriceList.json
@@ -19,15 +19,13 @@
       "fieldname": "isSales",
       "label": "For Sales",
       "fieldtype": "Check",
-      "default": true,
-      "required": true
+      "default": true
     },
     {
       "fieldname": "isPurchase",
       "label": "For Purchase",
       "fieldtype": "Check",
-      "default": false,
-      "required": true
+      "default": false
     },
     {
       "fieldname": "priceListItem",