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CAPITAL EXPENSE REQUEST FORM SECTION I INITIATION OF REQUEST BY DEPARTMENT (to be completed by requesting department then forwarded to Director of Purchasing) Date: Requested by: Telephone #: Dept:

How to fill out capital expense request

How to fill out capital expense request form

1. Start by obtaining a copy of the capital expense request form from the appropriate department or office.
2. Read the instructions carefully to understand the necessary information and supporting documents required for the request.
3. Fill out the basic information section, such as your name, department, and contact details.
4. Provide a detailed description of the capital expense, including the purpose, benefits, and estimated cost.
5. Attach any supporting documents, such as quotations, invoices, or project proposals, that justify the need for the capital expenditure.
6. Indicate the funding source for the expense, whether it is from departmental budget, grants, or other external sources.
7. If applicable, include any additional approvals or signatures required as per the organizational hierarchy.
8. Double-check all the entered information for accuracy and completeness.
9. Submit the completed capital expense request form to the designated authority or department for review and further processing.
10. Follow up on the status of your request and provide any additional information or clarification if requested by the reviewing authority.

Who needs capital expense request form?

1. Anyone within the organization who requires approval for a significant capital expenditure must fill out a capital expense request form.
2. This may include department heads, project managers, budget coordinators, or any other personnel responsible for managing financial resources.
3. The form ensures proper documentation, review, and decision-making processes are followed before allocating funds for capital expenses.

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What is capital expense request form?

A capital expense request form is a document used to request authorization for expenditures related to large, long-term investments in assets such as equipment, property, or infrastructure.

Who is required to file capital expense request form?

Any individual or department within a company that wishes to make a significant capital expenditure must file a capital expense request form.

How to fill out capital expense request form?

To fill out a capital expense request form, one must provide detailed information about the proposed expenditure, including the purpose, estimated cost, expected benefits, and justification for the investment.

What is the purpose of capital expense request form?

The purpose of a capital expense request form is to ensure that all capital expenditures are properly evaluated, authorized, and tracked to align with the company's overall financial goals and strategies.

What information must be reported on capital expense request form?

The capital expense request form typically requires information on the project description, cost estimates, anticipated benefits, risk assessment, funding sources, and approval signatures.