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In this tutorial, Randy from Excel for Freelancers introduces the creation of an Invoice Payments Manager application from scratch. The training includes features such as applying payments with one click, processing payments on multiple invoices, tracking previous payments, and automatically updating invoice balances. Participants will learn each function, formula, and line of code involved in building the application. Key capabilities include adding new payments, editing prior payments, and managing scenarios like bounced payments. The session aims to equip viewers with comprehensive skills for invoice management.