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This video tutorial provides a detailed explanation of what invoices are and why they are important in business. The host, James, covers the key features of invoices and provides an example to help viewers understand. Invoicing is crucial for getting paid in any business setting, and knowing how to use invoices is essential for self-employed individuals and corporations alike. Watch the video to learn more about invoices and get answers to common questions to better understand this important topic in accounting and bookkeeping.