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Ariana from Lakis explains how to create, edit, and delete invoice templates on the main screen dashboard. By clicking on the profile icon, accessing settings, and then bill settings, you can navigate to invoice templates. Here, you can view existing templates, add new ones, set defaults, customize themes, colors, and columns, adjust due dates, and modify sections like bill-to and flat fees. Template actions include downloading, printing, and full customization options for a personalized invoice layout.