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In this MrExcel Netcast, Bill Jelen discusses customizing a free invoice template obtained from Office Online. After reviewing the template, he adjusts it by inputting his state's tax rate and proposes adding a formula to automatically fill the "Bill To" and "Ship To" names, as they are often the same. He aims to make creating new invoices easier. To do this, he demonstrates how to save the customized document not as a regular workbook but as a template, noting that the navigation changes once selecting the template option. This approach streamlines the process for future invoices.