I think it belongs on both. I love the idea of being able to export the G/L to Excel, which would then allow me to do pretty much anything with my data. (“Data Liberation,” to use Google’s term). But that doesn’t replace the need for a good printed archival audit trail, be it paper or PDF. A printed version is still required for bullet-proof, audit-capable documenting and for peeling through layers of transactions when something goes awry – in other words, a G/L Transactions report and a Journal report.
The G/L and Journal reports may get long, but that’s exactly the point. They memorialize all of the transactions that Manager sees. The other reports are just summaries, while the G/L and Journal reports are the logs, if you will.