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The "Standard Income 12 Period" report in Sage 50 is useful for viewing your current fiscal year broken down by month (Period 1 to Period 12). However, the default options do not allow for a custom date range; it only runs for the current period. To work around this, you can change the current period to a previous open year and generate the report for that year. To create a custom financial statement, simply click the save button while viewing the report and assign it a new name, such as "My Income 12 Period." This will change the report name and add it to your report list.