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In this MrExcel Netcast, Bill Jelen discusses how to customize a free invoice template from Office Online. He mentions having added his state's tax rate and improving the template by implementing simple formulas to automatically populate the "Bill To" and "Ship To" fields with the same name entered in column B. Bill explains that he wants to streamline the invoicing process and demonstrates how to save the customized invoice. Instead of the usual workbook format, he highlights saving it as a template, which modifies the navigation automatically for easier access to template options.