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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, from period 1 to 12. However, the report typically only runs for the current period without an option for a custom date range or closed years. To enable this functionality, you can save the report under a new name, creating a custom financial statement. By clicking the save button and renaming the report (e.g., "my income 12 period"), it updates the report name and adds it to the list of reports, allowing for more flexible financial analysis.
