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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance, and key features with examples. He emphasizes that invoicing is crucial for businesses to ensure proper payments, whether for self-employed individuals or corporations. The video provides a comprehensive overview of what invoices are and outlines their significance in business transactions. Viewers are encouraged to watch until the end for answers to common questions regarding invoices, which will help clarify this essential topic in accounting and bookkeeping.