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The Standard Income 12 Period report in Sage 50 is a valuable tool that breaks down the current fiscal year by month, covering periods 1 through 12. However, it lacks the option to select a date range, restricting users to run it only for the current period. Users can change their current period to a previous one if needed, but cannot access closed years. To enable this functionality, a simple workaround involves saving the report as a custom financial statement. By clicking the save button and naming the report (e.g., "My Income 12 Period"), users can create a custom version that will appear in their report list, allowing for more flexibility in reporting.