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In today's tutorial, we will learn how to automatically parse receipts using Optical Character Recognition (OCR) in Python. This technique will help track finances based on receipts from various stores, enabling the creation of an automated billing system. We'll utilize basic images of receipts from Costco and Walmart, emphasizing that professional scans are not necessary; simple photos taken with a phone are sufficient for the parsing process. The video aims to guide viewers through the steps of implementing OCR to extract information from these receipts.