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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. He emphasizes the relevance of invoicing in all types of businesses and provides key features with an example. Invoicing is essential for getting paid in any business setting, and knowing how to use it is crucial for both individuals and corporations. Watching the entire video is recommended as common questions about invoicing will be addressed, making the topic clearer for viewers.