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To edit receipts using the CamScanner app, first download it from Apple or Google Play. Open the app and scan the receipt by aligning it and pressing the camera button. After taking the picture, crop the image as desired. Once satisfied, click the check mark to process the scan. The ideal color setting for receipts is the "magic color" option, which enhances brightness and clarity. This feature is particularly effective for making receipts appear clearer and more professional.