My slant on this. Using a spreadsheet works good for 'not many items', but gets out of hand if you have more than a few 100 inventory items. I went down this road when I decided I needed to log model railroad items for insurance and maintenance purpose: Engines, Cars, Buildings, Track, Switches, Signals ... etc. The thing got really big really fast and was hard to find specific items. Ya, you can create a database in Excel kinda, but why go there. If you have it, use Access from the get go. The learning curve is a little higher but after you get the hang of it, not to bad.
Note that it has been quite a few years since I played with this sort of Micro$oft stuff - probably Cloud based now of which I do not go there: 3rd party is in charge of your data and at their whim. No idea what licensing $$$ are.
For those brave at heart - resurrect that old PC in the basement/garage and load Linux on it with Apache, PHP and MySql and is free. You can now have a database you can view from any computer on your local network. There is a learning curve, but this stuff is not earth stopping stuff - use Micro$oft while learning and playing with Linux.
Later