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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their significance, and their essential features. Invoices are crucial for any business, whether self-employed or working within a corporation, as they are necessary for receiving payments. The video covers what invoices are and provides an example to clarify their structure and use. James emphasizes the importance of understanding invoicing in order to facilitate business transactions effectively. Additionally, the video promises to address common questions about invoicing to enhance clarity on the topic. Viewers are encouraged to subscribe and explore more resources on accounting fundamentals.