What is
a
Capital Expense Budget Template
? A Capital Expense Budget Template, also known as "Capex," is a crucial component of the annual budget model. This template is utilized by department heads and budget managers to plan for the purchase of assets in the future. The template is designed with several key features, including dropdown menus to choose asset type, department, and purchase month. The expected lifetime of the asset is estimated, and the monthly depreciation amount is calculated accordingly. The user inputs the purchase price and quantity, and the template automatically calculates the rest. The P&L and Balance Sheet budgets reflect the total depreciation expense and accumulated depreciation. An example of this annual budget template is provided below.
You can find hundreds of additional examples
here.
Who Uses This Type of
Annual Budget Template
? The typical users of this type of annual budget template are: CFOs, Budget Managers, and IT Managers.
Other
Annual Budget Template
s Often Used in Conjunction with
Capex Forms Progressive Finance & Accounting Departments sometimes use several different Capex Forms, along with budget templates for sales, payroll, profit & loss, balance sheet and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others. In analyses where budgets or forecasts are used, the data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
Purpose of
Capex Budget Input Forms
Capex Forms serve as a tool for companies and organizations to request funding for asset purchases while also recording comments and details to aid in the approval process. Incorporating these forms into the Finance & Accounting Department's best practices can improve expense control and asset acquisition plans and mitigate the risk of unforeseen investments that could catch executives off guard.
Benefits to Users By providing a comprehensive overview of the company's asset acquisition plans, the Capital Expense Budget Template can assist business users in making informed decisions. The template's user-friendly interface and automated calculations enable users to quickly and accurately determine the financial impact of purchasing new assets. Moreover, the template's ability to calculate depreciation expenses and accumulated depreciation provides users with valuable insights into the company's financial position. With access to this information, business users can make better-informed decisions about the allocation of resources and become more efficient in their jobs. The Capital Expense Budget Template helps users streamline the budgeting process, improve cost control, and optimize asset utilization, resulting in increased productivity and profitability for the organization.
Capex Form
Example Here is an example of a Capital Expense budget input form with automated depreciation expense calculations.
Capital Expense Budget Template Example from Solver
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Technology Solutions and More Examples
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
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TAGS: Reporting, Budgeting, CPM, ERP, Financial Reporting, Template Library