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The video tutorial presents version 2 of the Annual Leave Tracker, featuring enhancements based on viewer suggestions. The updated template now includes a form for marking leave, making the process easier compared to the previous manual method. Users can also mark half-day leaves. The video encourages viewers to watch the first version for a better understanding of the tracker. The enhanced template offers daily and monthly views in Excel and is available for download on the website. The presenter aims to continually improve the tracker to enhance its usability.