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The "Standard Income 12 Period" report in Sage 50 is a useful tool that breaks down the current fiscal year into monthly periods (Period 1 to 12). However, it does not allow for custom date ranges, meaning you can only generate reports for the current period or change it back to run for one of the two open years. There's a way to enable this functionality: while viewing the report, click the save button to create a custom financial statement by renaming it (e.g., "My Income 12 Period"). This change allows the report to appear in your report list, offering increased flexibility for analysis.