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In this video tutorial, James from Accounting Stuff explains what invoices are, their importance, and their key features. He highlights that invoicing is essential for any business, whether self-employed or corporate, as it is vital for receiving payment. The video promises to clarify the concept of invoices and includes an example for better understanding. James encourages viewers to subscribe for more accounting basics and to watch until the end for answers to common questions related to invoicing. The tutorial aims to provide a comprehensive understanding of invoices and their role in business transactions.