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The standard financial statements in Sage 50 include a report called the Standard Income 12 Period, which details the current fiscal year month-by-month from Period 1 to Period 12. However, the report doesn't allow for date range selection and can only be run for the current period. Although you can change the current period to a previous one in your open years, closed years remain inaccessible. To enable this functionality, you can save the report under a new name, thus creating a custom financial statement. This allows you to access the newly named report in your list for future reference.