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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, users cannot select a custom date range, limiting the report to the current period. Users can work around this limitation by creating a custom financial statement. To do this, simply click the save button while viewing the report and assign it a new name, such as "My Income 12 Period." This action allows access to the report with the new name, enabling users to run it without restrictions related to the current period. The custom report will be listed alongside the standard reports.