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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance, and their key features. He emphasizes that invoicing is crucial for any business to ensure payment for services rendered, whether one is self-employed or working for a corporation. The video will cover what invoices are, why they matter, and provide an example for better understanding. Additionally, viewers are encouraged to watch until the end, where common questions about invoicing will be addressed to clarify this essential topic. James invites viewers to subscribe for more accounting basics and check out related playlists.