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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, covering periods 1 through 12. However, the report default does not allow selection of a specific date range, restricting it to the current period. Users can change the current period to run the report for prior open years, but cannot access closed years. To enable this functionality, users can click the save button while viewing the report, rename it—e.g., "My Income 12 Period"—and it will become a custom financial statement, which will then appear in the report list.