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The standard financial statements in Sage 50 include a report called the Standard Income 12 Period, which breaks down the current fiscal year by month from periods 1 to 12. However, it does not allow users to select a specific date range, limiting reports to the current period. Although you can change the current period back to an earlier date, closed years cannot be accessed. To enable this functionality, you can create a custom financial statement. By clicking the save button while viewing the report and renaming it (e.g., "My Income 12 Period"), you can generate a custom report that becomes accessible in your reports list.