 The capital expenditures budget is one of the easier budgets to prepare. Recall the capital expenditures are the outflows to construct capital projects like property, plant, and equipment. You can see that the capital expenditures budget is the eighth budget completed in the master budget process. A common format for this budget is to list the capital projects and when the expected cash expenditures will happen. So let's look at how to do this in a Excel. Notice the column letters and the row numbers. We will reference these as we build this budget in Excel. Here you can see I just entered the assumed amounts into some random quarter. We will use Excel to sum the quarterly expenditures and the total expenditure by project type.