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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance, and their key features. He emphasizes that invoicing is crucial for any business, whether self-employed or part of a corporation, as it is essential for getting paid. The video will define what an invoice is, provide insights into its significance, and illustrate these points with examples. Additionally, common questions related to invoicing will be addressed to enhance viewers' understanding of the topic. Viewers are encouraged to subscribe and explore more accounting basics through the provided playlist.