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In this video, James from Accounting Stuff explains what an invoice is, why it is important, and what it looks like. Invoices are essential for any business to ensure you get paid. The video covers the key features of an invoice with an example and answers common questions to clarify the topic. Invoicing is crucial for both self-employed individuals and corporations, as it is necessary for receiving payment. Watch the video for a comprehensive understanding of invoices and how to use them.