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In this video tutorial, James from Accounting Stuff explains the importance of invoices in business. He outlines the key features of an invoice and provides an example to help viewers understand what an invoice looks like. Invoicing is crucial for getting paid, regardless of whether you are self-employed or working for a corporation. James emphasizes the importance of understanding invoices and how to use them effectively to ensure timely payment. Watch the video until the end for answers to common questions that will clarify the topic of invoicing.