That toolkit is an excellent choice. If you create a template in Excel or word (.dot, .xlt) you can reference to it in Labview. You do this with only a single function. Check out the link on this toolkit. There is a lot of information on the web page.
Indeed, the Report Generation toolkit makes the export and import to and from LabVIEW seamless. If you'd like to check it out, follow this link. There's also a demonstration video that shows you the capabilities of this toolkit. Check it out.
Emilie Kopp | Applications Engineer | National Instruments