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In this video tutorial, viewers learn how to customize templates in Czar Money, highlighting its unique feature of customizable sales and invoice templates. To get started, users need Microsoft Word and can choose to edit either their own templates or pre-made ones. The process begins by downloading the desired template from the company's preferences under the templates section. For invoices, users click on the black arrow next to the chosen template to download it. Once opened in Word, users can modify labels, layout, and locations as needed to achieve the desired look for their business documentation.