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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 invoicing is crucial for any business to ensure payment, regardless of whether you're self-employed or working for a corporation. The video covers what invoices are and provides an example for clarity. James encourages viewers to subscribe for more accounting content and to watch until the end for answers to common questions related to invoicing, which will help clarify the topic further.