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In this tutorial, Ariana from Lakis shows how to create, edit, and delete invoice templates on the dashboard. By clicking on the profile icon and going to settings, users can access bill settings and then invoice templates. From there, users can customize templates, set themes, choose colors, and adjust columns. Options include setting templates as default, downloading, printing, and fully customizing them. Users can also change default due dates, remove sections, and add columns as needed.