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In this video tutorial, James from the Accounting Stuff channel explains what invoices are, their importance, and their key features. He emphasizes that invoicing is essential for any business, whether self-employed or in a corporation, as it facilitates payment. The video offers a detailed overview of invoices, including a practical example, and addresses common questions to enhance understanding of the topic. Viewers are encouraged to subscribe and check out additional accounting resources available on the channel for more foundational knowledge.