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Excel templates can streamline the design and standardization of forms and reports, with hundreds of free options available for all users. These templates are compatible with both the Excel desktop app and Excel online. In this video, the tutorial demonstrates how to access and set up these templates in the Excel desktop app. To find the templates, connect to the internet and navigate to the File tab, then select New. Users can browse categories or enter specific search terms, like "tracker templates." By clicking on a thumbnail, you can view more details about the template and scroll through additional options. Once the desired template is located, simply click "Create" to download it.