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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance, and key features. He emphasizes that invoicing is crucial for any business, whether self-employed or part of a corporation, as it facilitates payment. The video provides an overview of what invoices are and includes an example for better understanding. James encourages viewers to subscribe for more accounting and bookkeeping content and to watch until the end for answers to common questions related to invoicing, which will help clarify the topic further.