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The video tutorial discusses how to properly fill out generic receipt books, which are available for $2.88 at Walmart and contain 50 receipts. Key steps include entering the date, the company's name, and the amount for the job or service. An example provided is for tile and grout cleaning and resealing. It's important to specify what the receipt is for in order to maintain accurate records. The tutorial emphasizes the need to include payment details such as the amount owed, amount paid, and the balance due. Lastly, it advises keeping the yellow copy for your records and giving the white copy to the customer.