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The "Standard Income 12 Period" report in Sage 50 provides a monthly breakdown of the current fiscal year from periods 1 to 12. However, it lacks an option for selecting a date range, meaning it can only be run for the current period or a manually set open year. Unfortunately, it cannot be generated for a closed year directly. To enable this functionality, you can save the report as a custom financial statement. By clicking the save button and renaming it (e.g., "My Income 12 Period"), the report becomes customizable and will appear in your list of reports. This allows for greater flexibility in reviewing financial data.