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In this YouTube tutorial, Anita Rivers of Classic Royalty discusses the importance of receipts and how to create them effectively. She emphasizes that receipts should not just be a list of items purchased, but should also include additional information. She showcases her small receipt book and binder as examples, explaining that for 2020 she will be using a new receipt book. Rivers highlights the necessity of having receipt books and why they are essential for proper record-keeping.