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The standard income 12 period report in Sage 50 provides a monthly breakdown of the current fiscal year. While originally limited to the current period, you can create a custom statement to enable viewing a closed year. To do this, simply click the save button while viewing the report, rename it (e.g., "my income 12 period"), and this custom report will then appear in your report list. This allows for greater flexibility in accessing financial data from previous periods.