The Reports tab in Client Accounting (or "Statutory Reporter") is only available for use with AccountRight, Essentials and MYOB ledgers.
This doesn't mean that you can't produce a set of financial reports – it just means that you need to use AE Reporter to create reports.
If you want to use Statutory Reporter, you can always move your data across to MYOB Ledger. Before you jump the gun and move your data, first make sure that Statutory Reporter meets your client's reporting requirements.
Statutory Reporter is a simple reporting tool that lets you meet the basic reporting requirements of a non-reporting entity. Although AE Reporter is more complex, it allows you to produce highly customised, specialised reports.