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In this tutorial by Randy from Excel for Freelancers, he introduces a comprehensive paid time off (PTO) tracker designed for managing employee PTO effectively. The tracker will allow users to monitor various types of paid time off, including vacations, sick leave, personal days, and holidays. It is fully customizable to accommodate different days off and can be adapted for any number of employees. The tutorial will cover adding and editing PTO, as well as tracking weekends within the PTO framework. Participants will also learn how to display employee details and make necessary edits to specific PTO entries.