This is a Windows error for a printer not being listed.
Try the following:
Test the printer from Windows:
Close TOPAZ.
Set up a "second" printer with the black&white settings
in Windows.
Do a test print from Windows to the printer.
Test the printer from TOPAZ:
Open TOPAZ
Select the printer (if it is not the default Windows printer).
Try printing a report.
Upgrade to TOPAZ 1.7.0.4