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In this video tutorial, Eric explains the concept of mandatory fields in Business Central, indicated by a red asterisk. He notes that while these fields appear mandatory, users may sometimes find they are not strictly required. Eric demonstrates this with the customer table, showing how a name must be filled to remove the asterisk, while other fields like tax area code may also appear mandatory, yet can be left empty depending on the user's circumstances. He has received multiple inquiries about this topic, prompting the tutorial to clarify the nuances of mandatory versus optional fields in the software.