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In this video tutorial, James from Accounting Stuff explains what an invoice is and why it is important. Invoices are essential for any business to get paid, whether you are self-employed or working for a corporation. The video discusses the key features of an invoice with an example and emphasizes the importance of understanding how to use invoices to ensure you get paid. It is important to watch the video until the end as common questions will be answered to make the topic clearer. Invoices are a crucial part of any business transaction, and knowing how to create and use them is necessary for getting paid.