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The video discusses how to fill out generic receipt books, available for about $2.88 at Walmart, which contain 50 receipts. To complete a receipt, begin by entering the date, your company name, and the amount for the job or service provided. Specify what the receipt is for, such as "tile and grout cleaning and resealing," for record-keeping. Include details on how the payment was made, the total amount owed, the amount paid, and how much is still due. The process involves keeping the yellow copy for your records and giving the white copy to the client.