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In this tutorial, Vinid explains how to create a bar in green Excel using the latest format. He demonstrates working with an actual sheet that includes several components: operating balance, received sales, and closing balance. For the operating balance, there are columns for serial number, items, opening balance, and units, with no formulas used. In the received section, he includes serial number, items, total units, and dates for the month, utilizing a SUM formula to total units across a specified range. The sales section also features serial numbers, items, complementary sales, total sales, and units, capturing daily sales and any complimentary items offered by the boss. A specific formula for complimentary items is also highlighted.