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In this video tutorial, James from Accounting Stuff explains the importance of invoices in business. He outlines what invoices are, their significance, and key features, supported by an example. Invoicing is essential for any business, whether self-employed or part of a corporation, as it is necessary for receiving payments. Viewers are encouraged to subscribe for more accounting content and to watch until the end for answers to common invoicing questions, which aim to clarify the topic further.