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In this MrExcel Netcast, Bill Jelen discusses customizing a free invoice template obtained from Office Online. He adds his state's tax rate and aims to streamline the process by ensuring that the name entered in column B also appears in column F, as the "Bill To" and "Ship To" fields often match. To achieve this, he plans to implement simple formulas. Jelen then explains that to create new invoices easily, he will save the file not as a regular workbook but as a template. This approach allows for more efficient invoice generation in the future.