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In this video tutorial, Nikhil discusses how freelance consultants or Consulting agencies can efficiently bill customers based on billable hours. He emphasizes the importance of using automated systems like Zoho Invoice to track billable hours and provide accurate timesheets to clients. By using Zoho Invoice, freelancers can streamline the invoice process and ensure timely payments. Nikhil demonstrates how to set up a new organization in Zoho Invoice and start using the software effectively.