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So make sure to add the header on top of the document and the font size should be slightly larger than the rest. Step 7: Add a HeaderĪ CapEx budget may be presented to top management and other stakeholders so it is important to label the document properly. Step 6: Open the FileĪfter you have downloaded the template, open the file and begin editing. Since you will be dealing with a lot of numbers it is best to use an application where you can edit the numbers or add tables with ease. These are the programs or applications that you can use to edit and customize the template. Step 5: Select a File Formatīefore you can download the template, make sure to select a file format. To do that, visit and look for a capital expenditure budget template. Step 4: Look for a TemplateĪfter brainstorming, it’s time to jot all these plans into writing. For example, if repairing old equipment is more costly than buying a new one, then the better alternative is to purchase a new one instead. It is good to be prepared beforehand, thus if one thing does not work out you have ready alternatives in place. So weigh in the cost and determine its benefits to help you prepare a CapEx budget. For example, upgrading new software may cost but it can considerably help the business expand. Step 2: Estimate the Cost and the BenefitsĪnother important aspect to consider is the costs and the benefits. Evaluate what is deemed as potential, however always consider its financial and logistics aspects. And improvement requires funds, thus it is the organization’s initiative to acquire and allocate money that can help the company grow and expand its business.īegin with evaluating what needs to be improved, repaired, or basically what assets you need to include in the capital expenditure (CapEx). Build a Capital Expenditure Budget – Step-by-Step InstructionsĬompany assets that need to improve or be fixed in yearly if not monthly include property, plants, technology, buildings, equipment, and other infrastructures.