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    Budget Request Requirements..

    Uploaded by

    rowena balaguer

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    © All Rights Reserved
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    Budget Request Requirements..

    Uploaded by

    rowena balaguer
    8 views2 pages

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    8 views2 pages

    Budget Request Requirements..

    Uploaded by

    rowena balaguer

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    BUDGET REQUEST

    A budget request is a formal letter that’s required when you’re seeking funding for a business
    project.
    1. All Budget Request must be checked first the requirements before uploading to Dingtalk
    to avoid delay checking the application.
    2. Review and approval by the department head.
    3. For checking of the attachments (Ms. Rowena) in case the attachment is lacking some
    documents, It will be rejected and returned to the requestor for completion.
    4. Routed to Ms. Jing (Finance Director) for review and approval of budget request.
    5. After approval, Ms. Ivy (Finance Assistant) will be set the schedule for release of
    budget.

    The main requirements for budget request are:

    1.Purchase Requisition form (Purchase request)


    Is a proof that certain materials were needed by a department and that they were ordered.
    These purchases may be for business operations such as office supplies, inventory or
    manufacturing inputs.

    Contents of a purchase requisition form


     Name and Department of the requestor
     The date of request
     The products or services requested
     Item Description, quantity and price
     Purpose (Reason for purchase)
     Legal name of the Supplier

    2. Quotation
    Is a business process in which a company or public entity requests a quote from a supplier for
    the purchase of specific products or services.
    In submitting its quotation, the supplier acknowledges and agrees that the quotation shall.
     Detailed the fixed and firm price of the goods and /or services
     Include a full description, part number and brand name where these differ to what
    is shown on the company’s request
     Payment Terms

    3. Payment Request form (PRF)


     used to request one payment to one payee.

    Note: Always report liquidation on time so there wouldn’t be any problem with
    regards to release of each budgets.

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