Add Record Based On Other Record

is it possible to create a new record based on the information on an existing record? I would hope to do this from a form view - as an example, I would be hoping to create a new invoice based on a previous invoice. So if you search a previous invoice, then I would hope for a button that would then create a new record with some of the fields completed using the current record details - such as customer name, customer address etc. Nothing too specific, but a few things that would mean you didn't have to input everything all over again.

Possible example below:
Existing Record

Customer ID
Customer Name
Customer Address
Customer Phone number
Items
Cost

[code]....