Reports plugin

I am have just finished downloading all the plugins I have that have been updated for WP3. I am looking at the reports installation instructions, which are simple enough - until I get to a comment:

Please Note:
If the auto-install does not add the db table(s) for you then run the sql code in "sql.txt" on your wpmu database.

The instructions are using ftp and not auto-install, so I am now a bit confused whether there is an additional step needed and whether I need to do anything with the database for the upgrade. Do I just replace the files with new ones and all will be okay?