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In this video tutorial, James from Accounting Stuff explains the importance of invoices in business. Invoices are crucial for getting paid and understanding transactions. James discusses the key features of invoices with an example and addresses common questions to make the topic clearer. Invoicing is essential for both self-employed individuals and corporations, and knowing how to use invoices is vital for getting paid. Watch the video to learn more about what invoices are and how they are used in business.