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The standard financial statements in Sage 50 include the "Standard Income 12 Period" report, which allows you to view the current fiscal year broken down by month. However, there is no option to select a specific date range, limiting the report to the current period. You can change the current period to an earlier open year for analysis, but it doesn't allow for closed years. To enable this functionality, you can create a custom financial statement by saving the report under a new name, like "My Income 12 Period." This change allows you to access the customized report in the list for further analysis.