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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their significance in business, and their key features. He emphasizes that understanding invoices is crucial for both self-employed individuals and corporations to ensure they get paid. The video addresses common questions to clarify the topic further. Viewers will learn about the definition and importance of invoices, along with an example for practical understanding. James encourages viewers to subscribe for more accounting insights and to check out additional content on accounting basics throughout the video.