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The video tutorial provides a template for consultants to create invoices for various services, including management consulting and IT consulting. It suggests using a fillable PDF format for ease. To create an invoice, users need to input their business name, client details (e.g., John Adams), agreement number, purchase order number, payment terms, date of service, description, hourly rate, and total amount due. After filling in the required information, users can simply print the invoice and send it to the client.