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In this video, James from Accounting Stuff explains what invoices are, their importance, and their key features. He emphasizes that invoicing is essential for any business, whether self-employed or part of a corporation, as it is necessary for getting paid. James provides a clear definition of an invoice and highlights its significance in business transactions. Additionally, he includes an example and addresses common questions to clarify the topic. For those interested in learning more about accounting and bookkeeping, he encourages viewers to subscribe and check out related content on the channel.