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The video tutorial discusses the "Standard Income 12 Period" report included in Sage 50's financial statements. This report provides a monthly breakdown of the current fiscal year, displaying periods 1 through 12. However, users cannot select a date range to view different periods, as the report only runs for the current period. To view a closed year, one can change the current period to an earlier open year. The tutorial explains that by clicking the save button while viewing the report and creating a custom name, users can enable more flexibility with the report. This allows it to be saved and easily accessed later, appearing in the report list under the new custom name.
