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In this MrExcel Netcast, Bill Jelen discusses customizing an invoice template from Office Online. After reviewing the template, he updates it with his state's tax rate and notes a need for the "Bill To" and "Ship To" sections to automatically reflect entries made in column B. To address this, he plans to input simple formulas. Bill then explains how to save the customized invoice as a template rather than a standard workbook, emphasizing that this allows for easier creation of new invoices in the future. This tutorial focuses on enhancing efficiency with Excel templates by leveraging built-in functionality.