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An invoice is a crucial document in business transactions that outlines the details of a sale, including the products or services provided, their cost, and terms of payment. Understanding invoices and how to use them is essential for getting paid in any business, whether running your own or working for a corporation. In this video tutorial, James from Accounting Stuff explains the importance of invoices, their key features, and provides an example to clarify their usage. Watch until the end to have common questions about invoicing answered.