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To streamline data entry in Sage 51, users can hide unused fields in various screens, including sales invoicing, quotes, sales orders, proposals, and purchase orders. The process involves accessing the layout button in the toolbar and customizing the invoice layout. Users can choose an existing custom invoice or create a new one, noting that predefined templates cannot be edited. After naming the template, users can easily uncheck the fields they wish to hide, creating a more efficient data entry experience.