CapEx management system

A capital expenditure (Capex) is money invested by a company to acquire or upgrade fixed, physical, non-consumable assets, such as a building, a computer or a new business. Generally, there are two types of capital expenses: purchases made to maintain existing levels of operation within a company and purchases intended to foster future growth. Capital expenditures stand in contrast to operating expenditures, or OpEx, which are the on-going costs associated with the daily operations of business products, services and/or systems.

Capex System helps in evaluating capital expenditure, financial analysis and business acquisition decisions for you. Capex system eliminates paperwork and streamlines the Capex compilation and approval process. Company members can track approval status online. This system enters approved Capex into database and reports approvals against the budget. Capex System can either run on your company’s intranet or we can host it on the internet as a cloud application. Capex from an Accounting Perspective:=From an accounting perspective, Capex or capital expenditures refer to business costs allocated to creating future benefits, such as acquiring new fixed assets or upgrading existing ones.

The monetary benefits from CapEx management system costs are expected to extend beyond the current tax year, and as a result, Capex costs typically need to be accounted for on income statements with depreciation (tangible assets) or amortization (intangible assets such as patents or other intellectual property) factored into the equation.