Which report are you using? I’ve attached an example Quote from our system (ignore the pricing – we don’t use it) which shows accurate descriptions of each item.
An alternative which I know has been done is to export the items to a spreadsheet file and have someone write a customised excel script to import and format it the way you want.
We use Application Integration to export data to our custom Quotation/Project Management webapp and it works very well.
If you want to alter a PDF report then I recommend PDF Xchange but it will be a pain having to alter reports individually.
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