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The standard income 12 period report in Sage 50 is a valuable tool that breaks down the current fiscal year by month, displaying periods 1 to 12. However, the report lacks an option to select a date range, limiting access to only the current period. You can change the current period to a date within the open years to run the report for that year, but closed years cannot be accessed directly. To enable functionality for closed years, you can create a custom financial statement by clicking the save button while viewing the report and assigning it a new name, such as "my income 12 period." This process updates the report name and adds it to your report list.