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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 crucial for any business, whether self-employed or part of a corporation, as it is essential for getting paid. The tutorial will define invoices and illustrate their components with examples. Viewers are encouraged to watch until the end for answers to common questions, which will help clarify the topic. James invites viewers to subscribe and check out more videos for additional accounting basics.