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In this video, James from Accounting Stuff explains the concept of invoices and their significance in business. He covers what invoices are, their importance, and key features, providing an example to illustrate the concept. The tutorial emphasizes that invoicing is crucial for both self-employed individuals and corporations to ensure payment for services rendered. James encourages viewers to subscribe for more accounting content and highlights that he will address common questions related to invoicing at the end of the video for better clarity.