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In this video, James from Accounting Stuff explains the concept of invoices, their importance, and their key features. He emphasizes that invoicing is essential for any business, whether one is self-employed or part of a corporation, as it is necessary to ensure payment for services or products. The video will provide a detailed overview of what invoices are and includes an example to illustrate their use. Additionally, James will address common questions to clarify the topic, making the process of understanding invoices easier for viewers. Viewers are encouraged to watch until the end and to subscribe for more accounting insights.