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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance, and key features. He emphasizes that understanding invoices is crucial for businesses, whether self-employed or part of a corporation, as they are essential for receiving payments. James introduces what invoices are and discusses why they matter in business transactions. He encourages viewers to watch the entire video to gain clarity on common questions related to invoices and promises to provide a practical example to illustrate the topic. The video serves as a foundational resource for those interested in accounting and bookkeeping.