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The standard income 12-period report in Sage 50 is a useful financial statement that breaks down the current fiscal year by month, displaying periods 1 through 12. However, it has a limitation: it can only be run for the current period, with no option to select a specific date range. To access data from a closed year, you can change the current period to a prior one. To create a custom financial statement with additional functionality, you can click the save button while viewing the report, rename it (e.g., "my income 12 period"), and it will then appear in your report list as a custom option.