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An invoice is a crucial document in business that ensures payment for goods or services rendered. In this video tutorial, James from Accounting Stuff explains the importance of invoices and their key features. He provides an example to illustrate how invoices work and answers common questions to clarify the topic. Invoicing is essential for any business, whether it's self-employed or a large corporation. Watch the video for a comprehensive understanding of what an invoice is and how to effectively utilize it for getting paid.