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The standard financial statements in Sage 50 include the "Standard Income 12 Period" report, which provides a monthly breakdown of the current fiscal year. However, it lacks an option to choose a date range, restricting it to the current period. Users can change the current period to a prior open year to view that year, but closed years cannot be accessed. To enable this functionality, simply save the report under a new name (e.g., "My Income 12 Period"), which transforms it into a custom financial statement. The report name will update accordingly, and it will appear in the report list for future access.