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In this video tutorial, James from Accounting Stuff explains what invoices are, their importance in business, and their key features. He emphasizes that understanding invoices is essential for anyone in business, whether self-employed or working for a corporation, as they are crucial for getting paid. The video covers the definition of an invoice and its role in business transactions. Additionally, James promises to address common questions at the end, which will help clarify the topic. Viewers are encouraged to subscribe for more accounting basics and to check the accompanying playlist for further learning.