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Michaela from QuickBooks live explains how to create an invoice for future payments from customers. She covers adding customer and product/service details, customization options, and sending invoices. The tutorial also demonstrates creating invoices on mobile devices using the QuickBooks app. If customers pay at the time of sale, a sales receipt is used instead. To begin creating an invoice, select "new" and "invoice" then input customer details. Make edits to company info, customer address, and logo if needed. Select existing customer in QuickBooks for quick entry.