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The "Standard Income 12 Period" report in Sage 50 provides a monthly breakdown of the current fiscal year, displaying periods 1 through 12. However, it lacks a date range option, meaning you can only run reports for the current period. While it's possible to change the current period to run reports for earlier open years, closed years cannot be accessed. To enable this functionality, you can create a custom financial statement by clicking the save button while viewing the report, allowing you to name it (e.g., "My Income 12 Period"). This change updates the report name and adds it to the report list for future access.