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The standard financial statements in Sage 50 include the Standard Income 12 Period report, which displays monthly breakdowns for the current fiscal year (Periods 1-12). However, it lacks the ability to select a date range, meaning you can only run it for the current period. While you can alter the current period to a previous open year, closed years cannot be accessed directly. To enable this functionality, you can save the report as a custom financial statement by clicking the save button and renaming it, allowing you to create variations of the report. This procedure will update the report name and make it available in the report list.