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The video tutorial explains how to fill out generic receipt books, available at Walmart for around $2.88 with 50 receipts in each book. To complete a receipt, start with the date, company name, and the amount for the job or service. Include a description, such as "tile and grout cleaning and resealing," for record-keeping. Indicate how payment was made, the total amount due, and how much was paid. The presenter emphasizes that the yellow copy is kept for records while the white copy is given to the customer.