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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 an option to select a date range, limiting the report to the current period. To work around this, you can create a custom financial statement. While viewing the report, click the save button and rename it, which will allow you to run the report for any open year. This customization makes the report more flexible, as it will now appear in the list of available reports under the new name, enabling users to access the modified report easily.