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In this video tutorial, James from Accounting Stuff explains invoices, their importance, and key features. He emphasizes that invoicing is essential for any business, whether self-employed or part of a corporation, as it ensures payment. The tutorial covers what invoices are and provides an example to illustrate their function. James encourages viewers to watch until the end for answers to common questions that clarify the topic further. Overall, the video serves as a comprehensive introduction to understanding and using invoices effectively in business transactions.