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In this video tutorial, Erin and Emily from E-Squared Photography aim to simplify the concepts of contracts and invoices for those new to the photography business. They recognize that many struggle with the "businessy" aspects of running a photography business and promise to clarify how to create and send contracts and invoices effectively. They emphasize the importance of having a separate checking and savings account for business transactions, advising against mixing personal and business finances. Viewers are encouraged to stay until the end for additional resources and are invited to subscribe to the channel for more photography tips and notifications on future videos.