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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance in business, and their key features. He emphasizes that invoicing is crucial for any business, whether self-employed or part of a corporation, as it is necessary for getting paid. James plans to clarify common questions about invoices and provide an example to illustrate their use. He encourages viewers to engage with the channel by subscribing and checking out related content for a deeper understanding of accounting basics.