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The standard financial statements in Sage 50 include a report called the Standard Income 12 Period, which displays the current fiscal year broken down by month, from period 1 through period 12. However, the report lacks an option to select a date range, restricting users to only run it for the current period. Although users can adjust the current period to run reports for earlier open years, closed years cannot be accessed. To enable this functionality, you can create a custom report by clicking the save button while viewing the report and renaming it (e.g., "My Income 12 Period"). This allows the report to appear in your report list under the new name.