Total cost of ownership calculator excel and spreadsheet template can be helpful to document and evaluate your total product costs (and indirect costs) per year. And, to create an annual cost comparison.
Create a clear picture of all costs associated with your purchases using this total cost calculator template in Excel. This template is useful for personal and business use.
What is Total cost of ownership, TCO ?
As per Investopedia, The total cost of ownership (TCO) is the purchase price of an asset plus the costs of operation. Thus, assessing the total cost of ownership represents taking a bigger picture look at what the product is and what its value is over time.
Total cost of ownership (TCO) calculator has various components and elements which you will have to fill in to compute. The computation happens automatically. This template is useful for small to medium business owners.
In addition to this, you can also add on more components or elements which you feel is a part or cost to your brand, product or service.
A simple example would be the cost of owning a car. You can buy a car, but you will still need to pay license fees and insurance premiums, and it must regularly be serviced.
How to download and use Simple Cost of Ownership Excel template ?
To use this free SIMPLE COST OF OWNERSHIP template, you should have Microsoft Office/ Microsoft Excel installed in your system.
After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software.
Once extracted, you can open the file using Excel and start entering data or customizing the template.
