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In this video tutorial, the presenter explains how to delete and void invoices in Xero. To find an invoice, users can use the magnifying search box or navigate to the "Business" section, then "Invoices," which displays a list of all invoices. To delete an invoice, it must not have been sent to the customer. The tutorial demonstrates this process using a draft invoice for Port Phillip Freight. By selecting the invoice and clicking on "Invoice Options," users can choose "Delete." Upon confirmation, the specified invoice will no longer appear in the list. Users can later create a new invoice with the next consecutive number if needed.