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In this video tutorial, Ben from Action Step explains how calculated merge fields work. These fields enable users to create new merge fields in the system using PHP coding language. The codes can range from simple to complex depending on the user's PHP knowledge. To create a new calculated merge field, go to admin document templates, click on the list of merge fields, and either edit an existing field or create a new one. You can enter a name, description, and the PHP calculation code for the new merge field. Test the field by searching for a record in the system, similar to the document merge testing tool.
