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In this video tutorial, James from the Accounting Stuff channel explains the importance of invoices and what they look like. He provides information on why invoices are important, the key features of an invoice, and gives an example to illustrate these points. Invoicing is essential for any business, whether self-employed or part of a corporation, in order to get paid. James emphasizes the necessity of understanding invoices and how to use them in order to receive payment. He encourages viewers to watch the video until the end for answers to common questions that will clarify the topic of invoicing.