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In this episode of MrExcel Netcast, host Bill Jelen discusses customizing a free invoice template obtained from Office Online. He adjusts the template by inputting his state's tax rate and aims to link the "Bill To" and "Ship To" fields, as they often contain the same information. To achieve this, he plans to insert simple formulas. Jelen also explains the process of saving the customized invoice. Instead of using the standard save function, he demonstrates how to use the "File Save As" option to save the document as a template, optimizing the workflow for creating new invoices efficiently.