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Amit Thakur explains how to properly bill for an order, create an invoice, and update delivery dates in a new YouTube tutorial. He emphasizes the importance of accepting or rejecting orders within 72 hours to avoid cancellations and potential account issues. The video is suitable for both beginners and experienced individuals looking to learn the new billing process. To create a bill, one must navigate to the order page and proceed with accepting the order within the designated time frame to prevent automatic cancellations.