![]() If your business has multiple people dealing with inventory, sales, or other spreadsheet needs, then you will need to look at a Business plan that includes the software for multiple users to collaborate. This makes Excel considerably cheaper than most inventory management software, and it includes 1 TB of cloud storage for all your business files. The software costs $139.99 for a single user, or you can opt to get the complete Microsoft 365 Personal suite for $69.99 per year (which you can break up into monthly payments of $6.99). Excel is not free, even if you have a PC. ![]() But it’s still not quite as accurate as real-time tracking solutions since Excel sheets rely a lot more on human input. This makes Excel a lot more efficient and accurate than manual inventory management systems.
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