Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Hi, this means Excel can’t verify your Office license.
Check that your Office purchase or active Microsoft 365 subscription appears here: https://account.microsoft.com/services
Then open Excel >> File >> Account and sign in with that same Microsoft account.
If it still shows “Unlicensed Product,” which Office version are you using?