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The Sage 50 standard financial statements include a report called the "Standard Income 12 Period," which displays the current fiscal year broken down by month. This report allows viewing periods 1 through 12. However, it lacks an option to select a specific date range, limiting users to only viewing the current period. To work around this, users can create a custom financial statement by clicking the save button while viewing the report, allowing them to assign a new name, such as "My Income 12 Period." This process enables the report to be listed as a custom statement, providing additional functionality for future use.