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Preparing to complete the Marketplace Store Request

Preparing to complete the Marketplace Store Request

FOAPAL

What is a FOAPAL?

  • A series of numbers used to identify where a financial transaction belongs.
  • Click here for more information on FOAPALs

How do I get a FOAPAL if one doesn’t already exist?

  • Contact the Accounting Manager, Matt Walters, at [email protected] stating why you need a FOAPAL.

Categorizing Items for Sale

There are three areas within Marketplace that your item can fall under;  Event,  Physical Item,  or General Payment (see description below). You will need to decide which area best fits your item. It is possible to have items in different areas in one store (e.g. an invoice you want to collect on and a t-shirt).  This is fine as long as you know where each item(s) fits.

The three areas your item can fall under:

  • Event – Are you selling tickets or taking registrations?  E.g. basketball game, conference, swimming classes
  • Physical Item – Are you selling items such as t-shirts, finals baskets, school supplies etc.?
  • General Payment – Are you collecting deposits, invoice payments, something that does not have a set cost?

Detailed Information about the New Marketplace Store

One will need to know specific information about their store such as the name of the store, main contact’s information, item information etc. Thinking through the process of your online store before filling out the Marketplace Store Request Form will be very helpful.

Estimate Minimum Sales

In order to request a Marketplace Store, you need an estimated sales of at least 10 items that equal a total of $500 or more. Examples of situations that would and would not work:

  • Yes- 30 Blue Macalester Sweatshirts at $25 = $750 in sales
  • No- 5 tickets to Canada at $250= $1250

Images

  • Marketplace Store allows you to choose images to go with your store’s items.
  • Choose your images from your own personal pictures.
  • After you fill out the Marketplace Store Request Form, email your image selections to [email protected].  Verify the image you would like with each item. (e.g. [name of Image] with [item name])

Read the Reference and Responsibilities Document