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In this video tutorial by James on the Accounting Stuff YouTube channel, viewers will learn about the importance of invoices in business. James explains what invoices are, why they are essential, and walks viewers through the key features with an example. Invoicing is necessary for getting paid in any business, whether self-employed or working for a corporation. Viewers are encouraged to watch the video until the end for answers to common questions to gain a clearer understanding of the topic.