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In this video tutorial, James from Accounting Stuff explains what invoices are, their importance, and their key features, complete with an example. He emphasizes that invoicing is vital for businesses, whether self-employed or part of a corporation, as it facilitates getting paid. The video promises to clarify common questions related to invoicing, making the topic easier to understand. Viewers are encouraged to watch to the end for a comprehensive overview and to explore additional accounting basics via the playlist linked in the video.