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Mike Mancini shares a quick five-minute hack for managing receipts, a task he frequently struggles with due to his busy schedule. He often collects numerous physical receipts from lunches and client meetings, which he tends to toss into a box. This accumulation becomes problematic during tax season, requiring a time-consuming sorting process. Additionally, he receives multiple digital receipts daily in his email, which he often prints and files. By the end of the year, he ends up bringing a disorganized collection of folders to his accountant, highlighting the need for a more efficient system for managing receipts.