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At the end of each month or year, Mike Mancini faces the challenge of handling numerous receipts accumulated from various activities like lunches and client meetings. These receipts often end up in a box, leading to a chaotic process during tax season. Additionally, Mike receives multiple receipts daily via email, which complicates the situation as he has to print and organize them. To resolve this, he shares a quick five-minute hack to simplify receipt management. Ultimately, he aims to streamline the process to avoid the headache of dealing with a large collection of receipts when meeting with his accountant.