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In this video tutorial, Vinid teaches how to create a bar chart in Excel using the latest format. He demonstrates the setup of an actual spreadsheet with multiple sheets: operating balance, received sales, and closing balance. The operating balance sheet includes serial numbers, items, opening balances, and units, without using formulas. The received sales sheet features serial numbers, items, total units, and dates, with a formula to sum values from E6 to AI6. In the sales sheet, Vinid outlines serial numbers, items, complementary sales, total sales, units, and daily sales, noting that complimentary drinks may also be included. He uses a formula to calculate totals related to complimentary items.