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The standard financial statements in Sage 50 include a report called the Standard Income 12 Period, which displays the current fiscal year broken down by month (periods 1 through 12). This report allows you to view financials, but it lacks a date range selection, limiting it to the current period. You can change the current period to an earlier point in your two open years, but closed years cannot be accessed. However, by saving the report under a new name, you can create a custom financial statement that retains the desired functionality. This process allows for better report management and accessibility in the report list.