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In this tutorial by Randy from Excel for Freelancers, viewers will learn to create an invoice payments manager application from scratch. The training covers features such as applying payments with one click, managing multiple invoices, navigating and editing previous payments, and displaying automated invoice balances. The instructor will demonstrate every function, formula, and line of code necessary to build the application, ensuring a comprehensive learning experience. This session aims to equip users with the skills to manage invoice payments effectively.