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Excel templates can streamline the design, setup, and standardization of forms and reports, with numerous free templates available for all users, compatible with both the desktop app and Excel online. The tutorial explains how to find these templates in the Excel desktop app. Users should connect to the internet and navigate to the file tab, then select "new." Templates can be browsed by category or searched using specific terms, like "tracker templates." Each template's thumbnail provides more details about its developer. Once a desired template is found, users can download it by clicking the "create" button.