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In this video tutorial, James from Accounting Stuff explains what invoices are, their significance, and their key features. He emphasizes that invoicing is crucial for getting paid, whether working independently or for a corporation. The video covers the basic definition of an invoice, illustrates its importance, and provides an example for clarity. Additionally, viewers are encouraged to watch until the end for answers to common questions related to invoicing, aimed at enhancing understanding of the topic. The tutorial is a resource for anyone interested in accounting and bookkeeping fundamentals.