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In this video tutorial, James from Accounting Stuff explains what invoices are, their importance, and their key features. He emphasizes that invoicing is essential for any business, whether self-employed or part of a corporation, as it is crucial for payment collection. The video outlines the basics of invoices, providing an example to clarify the concept. James encourages viewers to watch until the end for answers to common questions, aiming to make the topic clearer and more accessible. He also invites viewers to subscribe and explore additional resources on accounting basics.