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The Standard Income 12 Period report in Sage 50 provides a monthly breakdown of your current fiscal year, spanning from period 1 to 12. However, it lacks the option to select a specific date range for running reports, limiting users to the current period. While you can revert to a previous period to run reports for that year, closed years cannot be accessed. To overcome this limitation, you can create a custom financial statement. By clicking the save button while viewing the report and renaming it, you can save it as a custom report, such as "My Income 12 Period," making it accessible in your report list for future reference.