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The "Standard Income 12 Period" report in Sage 50 is included in the standard financial statements and provides a monthly breakdown of the current fiscal year from period 1 to period 12. However, the default settings do not allow for running the report over a specific date range or for closed years; it can only be generated for the current period. To enable this functionality, you can save the report with a new name, creating a custom financial statement. By clicking the save button and renaming it (e.g., "My Income 12 Period"), the report will change, and it will also appear in the report list.