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The speaker discusses using generic receipt books, available for $2.88 at Walmart, which contain 50 receipts. To fill them out, start with the date, your company name, and the amount charged for the service or product. Specify the purpose of the receipt (e.g., tile and grout cleaning) for record-keeping. Include details on how the payment was made, the amount owed, the amount paid, and any remaining balance. Finally, sign the bottom of the receipt. Keep the yellow copy and give them the white copy for their records.