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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. Users can view months from period 1 to period 12; however, there is no option to select a custom date range, restricting reports to the current period. To work around this limitation, you can create a custom financial statement by clicking the save button while viewing the report and giving it a new name, such as "My Income 12 Period." This process creates a custom version of the report, which will then be listed among your saved reports.