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In this tutorial by Randy from Excel for Freelancers, viewers learn to create a comprehensive Paid Time Off (PTO) tracker. The tracker will facilitate the tracking of all employees' paid time off, including customizable options for vacations, sick days, personal days, holidays, and weekends. Features include the ability to add or edit PTO entries, a summary of PTO allowances, and detailed employee information. The training aims to empower users to efficiently manage and navigate their PTO tracking needs for any number of employees.