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The tutorial by Michaela from QuickBooks Live explains how to create an invoice for future customer payments. This involves adding customer information, products, and services to the invoice. Customizing and sending the invoice is also covered, as well as creating invoices on a mobile device using the QuickBooks app. If the customer is paying at the time of sale, a sales receipt is used instead. The tutorial demonstrates how to fill out the invoice form with contact information, customer details, and optional logo customization.