The ability to set foreign sales prices on items was moved to the Price Level feature in QuickBooks 2010. With Price Levels, you can use more than one foreign currency to set foreign prices for your items. Previously, with the foreign sales price feature, you could only use one foreign currency to set up foreign prices.

For more information on Price Levels, search for 'price level' in the Help system in QuickBooks.

If you have the Foreign Sales Prices preference enabled when you convert your file, QuickBooks will map your foreign sales prices to the Price Level feature. For example, let's say you have foreign sales prices turned on and you had US Dollar as your currency. Here's what QuickBooks does with that data:

1. QuickBooks creates a US Dollar price level.
2. QuickBooks associates each item, that had a foreign sales price, with the new US price level. For instance, (in the graphic below) the file had five items that had a foreign sales price associated with them. Their 'foreign sale price' is now visible under the Custom Price column on the New Price Level window. This is what QuickBooks brought forward from your previous company file.

3. QuickBooks then assigns the US Dollar price level to all the US customers in your file. You'll see this new price level field in the 'New Customer' window (see graphic below). Now, whenever you invoice a US customer, QuickBooks knows to use the US price for these items (Service, Vintage Restoration, Air Conditioning).