We can do this by following the simple steps
On the report Printer setup, select file and then select HTML as the file format. In the File name section type in a filename and extend it with .xls (so for example: myReport.xls).
Now print the report.
This will save the report as a excel file in your documents.
Note: the reports print options were not designed to print to excel. Hence the format of the report can be slightly skewed when you print reports this way.

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