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In this video, Mike Mancini shares a quick five-minute hack to manage the overwhelming number of receipts he collects daily for business expenses. He discusses the challenge of accumulating physical receipts from lunches and client meetings, which he usually throws into a box, leading to chaos during tax season. Additionally, he receives multiple digital receipts in his email each day, complicating the organization process. This system results in him presenting disorganized folders to his accountant at the end of the year. The tutorial aims to provide a simpler, more efficient method for handling receipts.