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In this tutorial by E-Squared Photography, Erin and Emily simplify the process of managing contracts and invoices for new photography businesses. They emphasize the importance of separating personal and business finances by opening a dedicated checking and savings account. The video promises viewers will gain a better understanding of handling invoices and contracts effectively by the end, and encourages subscriptions for future photography tips. They aim to relieve the stress associated with the business aspects of photography. Viewers are advised to stay tuned for additional insights and a special offer at the video's conclusion.