Sage 300 Financial Reporter or Statement Designer Initializing FR Error 12

Sage 300 Financial Reporter – Statement Designer or Print Financial Statements Error Initializing FR Error 12 : Fail in starting Print Financial Statements.

You receive the below message when printing the financial statements, Initializing FR Error (12) : Fail in starting Print Financial Statements.

The cause of this error message is most likely related to an update to your Microsoft Excel software. Microsoft Office Update for Excel 2016 Professional Edition.

To resolve this issue please call us at 866-392-6132 if you do not understand fully the ramifications of the below fix/resolution.
Locate the file MSCOMCTL.ocx in the following folder C:\Program Files (x86)\Microsoft Office\root\VFS\SystemX86 and re-name it to MSCOMCTL.BAK.

Copy the same file from C:\Windows\SysWOW64\MSCOMCTL.ocx to C:\Program Files (x86)\Microsoft Office\root\VFS\SystemX86 folder.