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In this video tutorial, James from Accounting Stuff explains what invoices are, their importance, and key features, with an example included. He emphasizes that invoicing is essential for any business, whether self-employed or part of a corporation, as it is necessary for receiving payment. Viewers will learn the fundamental aspects of invoices and be guided through the topic, including answers to common questions to enhance understanding. James encourages viewers to subscribe and check out additional accounting basics available on the channel.