Follow the instructions below to add a Microsoft 365 Exchange account to Outlook on Mac.
1. Open Outlook Mac.
2. Open Outlook > Preferences from the menu or by pressing ⌘ ,
3. Select the accounts tab and click the '+' icon in the left hand corner to create a new account.

4. Add a new account from the '+' icon in the lower left corner or by following the instructions on screen.

5. Enter your email address.

6. Outlook will recognise the account as Microsoft 365 Exchange account and display the Microsoft password pop up box.

7. The account will be added.

8. Close the accounts dialogue box to return to your inbox.