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Michael Walter from Carpet Expert Blueprint demonstrates how to fill out an invoice for service businesses. He suggests purchasing basic invoice books from stores like Walmart, Target, or OfficeMax for under $10. Walter outlines the key components of the invoice: listing the client's name and address, his company name (Carpet Land), and his contact information, though he typically omits his address. He emphasizes including the date of service and details the work performed, such as material supply. The video provides a straightforward guide for creating an effective invoice to facilitate service transactions.