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The standard financial statements in Sage 50 include a report called the Standard Income 12 Period, which breaks down the current fiscal year by month, displaying periods 1 to 12. However, it lacks an option to select a date range, restricting the report to the current period only. You can work around this by changing the current period to an earlier year, but closed years cannot be accessed. To enable this functionality, simply click the save button while viewing the report and rename it, creating a custom financial statement. This allows you to personalize the report, and it will appear under the custom reports list for future access.