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In this video tutorial, 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 covers the definition of an invoice, its role in business transactions, and provides an example for clarity. Viewers are encouraged to watch until the end for answers to common questions related to invoicing. Additionally, James invites viewers to subscribe for more accounting-related content and to explore a playlist on accounting basics.