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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 the option to select a date range, limiting reports to the current period only. To work around this limitation, you can create a custom financial statement by clicking the save button while viewing the report. This allows you to rename it, for example to "My Income 12 Period," making it accessible as a custom report. This modification also updates the report name in the list for easy retrieval.