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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance in business, and their key features. He emphasizes that invoicing is crucial for both self-employed individuals and corporations to ensure payment. The video aims to clarify what invoices are and provides examples to illustrate their use. Additionally, James will address common questions to further clarify the topic. Viewers are encouraged to subscribe for more accounting insights and to check out related content in his playlist.