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The standard financial statements in Sage 50 include a report called the Standard Income 12 Period, which provides a monthly breakdown of the current fiscal year from period 1 to period 12. However, the report cannot be run for a specific date range or closed year; it is limited to the current period. To enable this functionality, you can save the report under a new name, creating a custom financial statement. By clicking the save button and renaming the report (e.g., "My Income 12 Period"), the report name changes, and the custom version appears in the report list for future access.