Building a Quickbooks clone using no-code tools like Bubble allows business owners to create a functional invoicing application without writing any code. The process involves registering a free account, designing the user interface and database, creating workflows to manage data and functionality, and integrating payment processing and analytics features. With Bubble's visual programming tool, users can build custom applications with ease, and the platform offers affordable paid plans starting at $25 per month. Additionally, templates and plugins are available for purchase, and a thriving community forum provides support and resources for builders.