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The Standard Income 12 Period report in Sage 50 presents a breakdown of the current fiscal year by month, covering periods 1 through 12. However, this report does not allow users to select a date range, limiting it to the current period. To work around this limitation, users can create a custom financial statement by clicking the save button while viewing the report. By renaming it (e.g., “My Income 12 Period”), the report becomes customizable and is added to the report list, enabling easier access and viewing. This method allows for increased flexibility in managing financial data from previous periods.