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In this YouTube video tutorial, e-squared photography duo Erin and Emily aim to simplify and make fun the process of handling contracts and invoices for new photography businesses. They emphasize the importance of opening a separate checking and savings account for all business transactions. By the end of the video, they promise that viewers will have a better understanding of how to manage invoices and contracts for their clients. For more photography tips and tricks, viewers are encouraged to subscribe to their channel.