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In this video tutorial, James from Accounting Stuff explains the concept of invoices, their importance, and key features. He emphasizes that invoices are essential for any business, whether self-employed or part of a corporation, as they are necessary for receiving payment. The video covers what invoices are and includes an example to illustrate their function. James encourages viewers to watch until the end for answers to common questions, which will help clarify the topic of invoicing. Additionally, he invites viewers to subscribe to the channel for more accounting tutorials and to check out a playlist on accounting basics.