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The standard financial statements in Sage 50 include a useful report called the Standard Income 12 Period, which presents a monthly breakdown of the current fiscal year. This report allows users to view periods from 1 to 12, but it lacks an option to select a specific date range, limiting it to the current period. Although it is possible to change the current period to view previous open years, closed years remain inaccessible. However, users can enable this functionality by saving the report under a new name, creating a custom financial statement. This is done by clicking the save button while viewing the report and renaming it, making it easier to access later.
