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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 walks viewers through key features with an example. Invoicing is essential for ensuring payment in any business, whether working alone or for a corporation. It is crucial to understand what invoices are and how to use them to ensure proper payment. Make sure to watch the video until the end for answers to common questions that will clarify the topic of invoicing.