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In this video tutorial, James from Accounting Stuff explains what invoices are, why they are important, and their key features with an example. Invoicing is essential for any business, whether you're self-employed or part of a corporation, as it is necessary to get paid. James encourages viewers to watch the video until the end to gain a clear understanding of the topic and will address common questions. If you want to learn about accounting and bookkeeping, make sure to subscribe to the channel and check out the playlist for more accounting basics.