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The tutorial covers essential Excel custom formatting tips aimed at improving efficiency and reducing common spreadsheet errors. The presenter illustrates the importance of custom formatting using sample compensation data. When tasked with formatting the data to include a thousand separator and zero decimal places, the presenter demonstrates how to do this by highlighting the data, right-clicking, selecting 'Format Cells' or using the shortcut CTRL + 1, activating the desired formatting options, and adjusting how negative numbers appear. The tutorial emphasizes the simplicity of mastering these formatting rules for better spreadsheet management, along with an unfinished prompt about hiding zero values.
