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In this MrExcel Netcast episode with Bill Jelen, the discussion focuses on customizing a free invoice template sourced from Office Online. Bill adjusts the template by entering his state's tax rate and proposes an enhancement where the "Bill To" name in Column B automatically populates into Column F for the "Ship To" section, to streamline the invoicing process. He plans to implement simple formulas to achieve this. To facilitate the creation of new invoices, Bill demonstrates how to save the modified document as a template. He highlights that selecting the template option changes the navigation for saving the file.