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In this tutorial, Vinid demonstrates how to create a bar in Excel with the latest format and proper recordkeeping. He provides an example sheet with different sections such as operating balance, received sales, and closing balance. Each section includes serial numbers, items, units, and dates. Formulas are used to calculate totals, summing values in specific ranges. The tutorial also covers how to manage complimentary sales, including formulas for calculating total sales and units. The tutorial offers practical guidance for setting up a bar management spreadsheet in Excel.