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The "Standard Income 12 Period" report in Sage 50 is a useful financial statement that breaks down the current fiscal year by month, covering periods 1 to 12. However, it lacks the option to choose a custom date range, limiting reports to the current period. Users can work around this by changing the current period to a prior open year, but cannot access closed years directly. To enable greater functionality, users can create a custom financial statement by clicking the "Save" button while viewing the report and renaming it, thus allowing the report to be saved for future reference. This new report will appear in the report list with the chosen name.
