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The "Standard Income 12 Period" report in Sage 50 is a useful tool that breaks down the current fiscal year by month, displaying periods 1 through 12. However, it does not allow for date range selection, limiting reports to the current period. Users can adjust their current period to review data from an earlier open year, but cannot access closed years. To enable this functionality, users can create a custom financial statement by clicking the save button and renaming the report, which allows the generated report to appear in the list of available reports. This simple change grants access to desired fiscal data despite the initial limitations.
