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In this video, James from Accounting Stuff explains invoices, their importance, and key features. Invoices are essential for any business, whether self-employed or part of a corporation, as they facilitate payment. The tutorial covers what invoices are, why they matter, and provides an example to illustrate these concepts. Viewers are encouraged to watch until the end, where common questions about invoicing will be addressed for better understanding. The channel provides resources to help viewers learn more about accounting and bookkeeping.