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In this video tutorial, the process of creating a simple timesheet in Excel is explained. The presenter begins by adjusting the cell width and height, and changing the font size to 14. The first column is designated for the day of the week, the second for the date, column C for the check-in time, column D for the start of lunch, column E for the return from lunch, column F for the end of work, and column G for the total hours worked that day. The example uses an employee named Michael with an hourly rate of $40. The timesheet is set up for only the first five days of the week, and the background color is adjusted accordingly.