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The video tutorial discusses using generic receipt books available at Walmart for $2.88, which contain 50 receipts. It explains how to fill them out, starting with the date, your company name, and the amount for the job or service provided. It's essential to specify the service, such as tile and grout cleaning and resealing, for record-keeping purposes. The tutorial emphasizes the importance of documenting how the payment was made, the total amount owed, the amount paid, and the remaining balance. The completed receipt requires you to keep the yellow copy while giving the white copy to the client.