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Excel templates can significantly streamline the process of designing, setting up, and standardizing documents and reports. There are numerous free templates available for all Excel users, compatible with both the desktop app and Excel online. This video tutorial demonstrates how to locate these templates in the Excel desktop app, which requires an internet connection. To find templates, navigate to the File tab, then select New. Users can browse by categories or enter specific search terms, such as "tracker templates." Clicking on a template thumbnail provides details about it, including the developer. Once a desired template is found, users can click "Create" to download it.