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The Standard Income 12 Period report in Sage 50 breaks down the current fiscal year by month, covering periods 1 to 12. There's no option to select a date range, meaning it's only possible to generate this report for the current period. While you can change the current period to an earlier open year, closed years cannot be accessed. However, by saving the report under a new name, you can create a custom financial statement, enabling additional functionality. This custom report will then appear in your list of reports, providing easier access for future use.