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In this video tutorial, the speaker explains how to fill out generic receipt books, which cost approximately $2.88 for a pack of 50 at Walmart. The process is straightforward: start by entering the date, your company name, and the total amount charged for the service or product. It's essential to specify what the receipt is for, such as "tile and grout cleaning and resealing," for record-keeping. The speaker also emphasizes the importance of noting how the payment was made, the amount owed, the amount paid, and any balance due. Finally, they instruct to sign the receipt, keep the yellow copy, and give the white copy to the customer.