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In this MrExcel Netcast, Bill Jelen discusses customizing an invoice template from Office Online. He modifies the template by adding his state's tax rate and aims to improve the user experience by linking the "Bill To" and "Ship To" fields, ensuring that entering the name in column B also reflects in column F. To streamline the invoicing process, Bill explains how to save the customized document not as a standard workbook, but as a template using the "File Save As" option. This allows for easier creation of new invoices in the future.