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In this tutorial, viewers are guided on creating a checklist in Excel using checkboxes as a tracker for activity logs. To start, users need to enable the Developer tab by right-clicking the ribbon, selecting "Customize Ribbon," checking the Developer option, and clicking OK. Once the Developer tab is visible, users can insert checkboxes from the form controls by clicking "Insert" and drawing the checkbox in a specified cell (e.g., C5). The tutorial also suggests renaming the checkbox for clarity. Checklists can be effectively utilized in dashboards and for maintaining activity logs.