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Excel templates are time-saving tools for designing, setting up, and standardizing forms and reports. There are numerous free templates available for all Excel users, compatible with both the desktop app and Excel online. In this tutorial, viewers will learn how to find and set up these templates. To locate them in the Excel desktop app, users must connect to the internet, then navigate to the File tab and select New to access the free templates. Users can browse by category or use the search bar to find specific templates, such as trackers. Clicking on a template thumbnail provides more details, and to download it, users can simply click the "Create" button.