Rental Invoice (Daily Rental Unit)

Internal Controls

Administrative Controls

This is the formal agreement between the dealership and the rental customer and must be completed for each car rental.  The form should be pre-numbered and prepared in triplicate and must bear the customer’s signature.  The customer should receive a copy when the vehicle is rented and another copy when the invoice is paid.  A copy should be retained by the accounting office and should be filed in numerical sequence.   These rental invoices should be checked for numerical continuity against the journal where they are recorded.