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In this MrExcel Netcast, Bill Jelen discusses customizing an invoice template obtained from Office Online. He adjusts the template by incorporating his state's tax rate and aims to synchronize the "Bill To" and "Ship To" fields by adding formulas, as they often contain the same name. Bill demonstrates how to save the modified document as a template instead of a regular workbook. He emphasizes the goal of easily creating new invoices using this customized template, highlighting the user-friendly features of the saving process.