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In this video tutorial, James from "Accounting Stuff" explains the importance of invoices in business transactions. He discusses what invoices are, why they are important, and highlights key features with an example. Invoicing is crucial for businesses to get paid, whether working for themselves or for a corporation. It is essential to understand what an invoice is and how to use it. Watch the video to learn more and get answers to common questions to clarify the topic of invoicing.