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In this video, James from Accounting Stuff explains the concept of invoices, their importance, and their key features, providing a comprehensive understanding of the topic. Invoices are essential for any business, whether self-employed or part of a corporation, as they are necessary for receiving payments. The tutorial will detail what an invoice is, what it looks like, and offer an example to clarify these points. Additionally, viewers are encouraged to watch until the end for answers to common questions that will further clarify the concept of invoicing. Don’t forget to subscribe for more accounting insights and check out related content.