Excel is one of the most popular tools for managing the backlogs of the Scrum process. There is a number of templates available and here is a screencast on using one of the advanced ones. This template was created by Petri Heiramo from Digia and includes facilities for managing both product and sprint backlogs. You can download this template on the page with the collection of Scrum templates and examples.
You might also like to have a look at the video tutorials on the simple product backlog template and simple sprint backlog template.
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Update: Link to XLS fixed. Kudos to Jukka Laurila

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Bas Vodde collected and published examples and templates of the Scrum product and Sprint backlogs. Most of them are in MS Excel format. Some (XLS) include a lot of comments, some (XLS) are very colourful. Check them out, Excel can really cover most of the needs of the archived backlog tracking.
Cached templates
Here are the cached copies of templates that I reviewed on this website.
See Also
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