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The standard financial statements in Sage 50 include the Standard Income 12 Period report, which offers a monthly breakdown of the current fiscal year across 12 periods. However, this report does not allow for a date range selection; it can only be run for the current period. To access a closed year, you would need to adjust the current period to a previous open year. You can create a custom financial statement by clicking the save button while viewing the report and renaming it, such as "My Income 12 Period." This change allows the report to be saved and accessed from the list of available reports.