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In this video tutorial, the presenter explains how to customize QuickBooks Online invoices. The process begins by accessing the "Custom Form Styles" via the gear icon. The user is introduced to the standard default invoice template, which can be edited to create a preferred master version. It's recommended to start with the standard template, adjusting it to meet specific needs before creating additional styles for other QuickBooks users who may desire different invoice appearances. The top right-hand corner of the interface is highlighted for further options during customization.