Streamline Your Capital Asset Requisition Process with Our Word Template
Are you tired of the tedious and time-consuming process of requesting capital assets for your business? Look no further than our Capital Asset Requisition Template for Word.
Our template is designed to streamline the entire process, from requesting the asset to receiving approval and tracking the asset’s lifecycle. With our easy-to-use template, you can quickly and efficiently request the assets your business needs to succeed.
The Capital Asset Requisition Template for Word includes all the necessary fields to ensure a complete and accurate request, including asset description, cost, justification, and expected benefits. The template also includes fields for approval signatures and tracking the asset’s lifecycle, ensuring that all necessary parties are involved in the process and that the asset is properly tracked throughout its useful life.
Our template is fully customizable, allowing you to tailor it to your specific business needs. Whether you need to add additional fields or modify existing ones, our template can be easily adapted to fit your unique requirements.
By using our Capital Asset Requisition Template for Word, you can save time and reduce errors in the capital asset requisition process. With a streamlined process, you can focus on what really matters – growing your business and achieving your goals.
Don’t let the capital asset requisition process slow you down. Try our Capital Asset Requisition Template for Word today and start streamlining your process for success.
Capital Asset Requisition Template
The Capital Asset Requisition Template helps with authorization of capital expenditure. All purchases of assets costing more than $500 and less than $5,000 should be approved by the department manager and the Chief Financial Officer. Assets with a cost greater than $5,000 will also require the approval of the President.
An INV103-1 CAPITAL ASSET REQUISITION form should be completed and approved for all purchases. This form is to be attached to all Purchase Orders or check requests submitted to the Accounting Manager. Department managers may source the vendor for purchase of the capital assets or can submit the request to Purchasing for procurement.
Any internally constructed or donated equipment will be reported to the Accounting Manager if the item cost has a value of $500 or more. A complete description of the property, date manufactured or received, number of items, cost or estimated value and a statement that it was internally constructed or donated will be included in the report.