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In this tutorial, PK introduces version 2 of the Annual Leave Tracker, incorporating viewer feedback and enhancements. Key improvements include a new form for marking leave, making the process simpler than the previous manual method. The enhanced template also allows for half-day leave entries. PK encourages viewers to watch the earlier tutorial for a comprehensive understanding of the tracker, which includes daily and monthly views in Excel. The updated template can be downloaded from their website, aiming to make it more user-friendly and practical for users.