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In this MrExcel Netcast, Bill Jelen discusses customizing a free invoice template obtained from Office Online. He adjusts the template to include his state's tax rate and aims to have the name entered in column B automatically appear in column F, as often the "Bill To" and "Ship To" fields are the same. To achieve this, he plans to implement simple formulas. Once satisfied with the changes, he explains the process of saving the file: instead of saving it as a regular workbook, he intends to use the "File Save As" option and select "Templates," which alters the navigation for saving. This will facilitate the easy creation of new invoices in the future.