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In this video tutorial, viewers learn how to create a fully automated billing system in Excel for hotels or resorts. The presenter, Vijay, explains that using this Excel format can eliminate the need for additional software, as it can automatically calculate various billing components such as room rent, taxes, discounts, and complimentary services. The system will also compute the total payable amount for customers. The video demonstrates the elements of the billing calculation sheet, starting with the manual input of customer details like names, while most calculations occur automatically. The tutorial aims to streamline the billing process for hospitality services.