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The "Standard Income 12 Period" report in Sage 50 is a useful tool that presents the current fiscal year’s financial data month by month. However, it does not allow users to select a custom date range, limiting access to only the current period. Users can revert to an earlier period to view that year's data, but closed years are inaccessible. To enable custom reports, simply click the "Save" button while viewing the report, assign it a new name (e.g., "My Income 12 Period"), and it becomes a custom financial statement. The new report name will be displayed, and it will be listed for future access.