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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 from period 1 to 12. However, it lacks the option to choose a custom date range, limiting users to the current period. While you can change the current period to an open year to view that year's data, closed years cannot be accessed directly. To enable functionality for custom date ranges, you can save the report under a new name, creating a custom financial statement (e.g., "My Income 12 Period"). This process modifies the report name and makes it accessible in the report list for future use.