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To edit receipts, first download the app CamScanner, available on both Apple and Google Play. Once you have the app, open it and position the receipt for scanning, then press the camera button to take a picture. After capturing the image, you can crop it to your preference. Once cropping is finished, click the check mark to process the image. The app will scan the receipt. For the best results, use the "magic color" option, which enhances brightness and clarity, making the receipt look professional. The tutorial continues to demonstrate these features effectively.