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In this MrExcel Netcast, Bill Jelen discusses customizing a free invoice template obtained from Office Online. He reviews entering specific tax rates and suggests adding formulas to automatically populate the "Bill To" and "Ship To" fields with the client's name from Column B into Column F. This enhancement aims to streamline the invoicing process. Finally, Jelen explains how to save the customized invoice efficiently by using the "File Save As" option to save it as a template rather than a standard workbook, thereby simplifying future invoice creation.