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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 receiving payments. The tutorial will cover the definition of invoices, the reasons they matter, and provide an example to illustrate their function. James encourages viewers to watch until the end for answers to common questions that will clarify the topic further. For deeper insights into accounting and bookkeeping, he invites viewers to subscribe and check out additional resources on the channel.