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In this video, Nikhil talks about how freelance consultants or consulting agencies can bill customers using billable hours. The importance of using automated systems to reduce manual work is emphasized. Freelancers need to track billable hours and provide timesheets to customers for smooth invoicing and payment processes. Zoho Invoice, a free software, is recommended for this purpose. Nikhil demonstrates setting up a new organization and getting started with Zoho Invoice.