Opening Microsoft Office for Mac Documents on a PC

Hello! I have Microsoft Office on my personal Mac and on my work PC (version 2019). How can I work on the same document using both systems? I got this error message on my PC when attempting to open the Mac-based Excel document: “The operating system is not presently configured to run this application.” Do I need to save the Mac-based Excel document with a particular extension so that it is compatible with my PC? Thank you for your assistance.