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In this tutorial, Sarah Banks from Banks in Business Solutions demonstrates how to create a basic invoice template in Word. She starts with a blank document, noting that her logo is already in the header, and suggests watching her previous video for logo insertion. She emphasizes the importance of using formatting tools, specifically the preset "Heading 1," to label the invoice. Key information to include on the invoice comprises the recipient's name, supplier address, date, and invoice number. Sarah proceeds to guide viewers through structuring these details effectively within the document.