Again, I CAN open our file when I run the Financial Reporter from the folder (softrak/Ledger/LedgerFinRep.exe). It work normally.
But.... when I go to the Ledger program, click on Financial Reporter (and all other ways to open it), it opens. When I click open... it does not open the file folder where our Income Statement file is. It give me a message of "Adagio Financial Reporter has stopped working."

As a work around solution, I just created a shortcut for LedgerFinRep.exe to my Desktop and it runs perfectly. But ofcourse, that's not how it's built. It's not convenient.