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In this tutorial by Matt Holtquist from QuickBooks University, viewers learn how to set up a customized invoice template in QuickBooks Desktop. QuickBooks provides default invoice templates, but many business owners prefer to personalize them for a better representation of their company. To begin, users should navigate to the "Lists" menu and select "Templates." Here, they will find various standard templates provided with the new company file. The video emphasizes the importance of customization to enhance the company's professional appearance while walking through the setup process for creating an invoice template tailored to specific business needs.