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Excel templates can streamline the design and standardization of forms and reports, with hundreds of free options available for all Excel users, compatible with both the desktop app and Excel online. This video tutorial explains how to find and set up these templates in the Excel desktop application, requiring an internet connection. Users can access free templates via the File Tab, then New, allowing for category browsing or keyword searching. By entering search terms, such as "tracker templates," users can view details about each template before downloading. Once a suitable template is located, simply click on the "Create" button to download it.