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In this video, PK explains how to create an employee timesheet tracker. The tracker allows input for individual employees and specific months, featuring customizable date settings. Users can enter working hours, including time in, break start and end times, and final out time. The tool automatically calculates total hours worked, accounting for breaks, resulting in total productive hours. Various validations are implemented to ensure time entries are limited to the current day. This template can be distributed among employees to efficiently manage their timesheets.