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The video tutorial explains how to customize QuickBooks Online invoices, offering flexibility in the appearance of the invoices. The first step is to access custom form styles by clicking on the gear icon and selecting custom form styles. Starting with the standard default template, you can edit and customize it to your preferences. This can serve as the master template, allowing other QuickBooks users to create their own customized templates for invoicing. By following these steps, you can create invoices that suit your branding and style preferences.