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In this video tutorial, the presenter explains how to customize invoices and estimates in QuickBooks Online. To start, click the "New" button and select "Invoice," which opens the default template. A key customization option is adding a logo by clicking "Add Logo" and uploading it from your computer. Once added, the logo appears on the right side, but it cannot be moved. For further customization, the presenter advises clicking "Manage" at the top of the screen, which reveals a drawer on the right side where additional settings can be adjusted. The focus is on navigating the available customization options while noting limitations.