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In this video tutorial, James from Accounting Stuff explains the importance of invoices in business. He discusses what invoices are, why they are important, and demonstrates the key features with an example. Invoicing is essential for getting paid, whether you are self-employed or working for a corporation. It is crucial to understand what an invoice is and how to use it. Make sure to watch the video until the end for answers to common questions that will clarify the topic of invoicing.