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The standard financial statements in Sage 50 include the Standard Income 12 Period report, which is useful for viewing the current fiscal year broken down by month. It displays periods 1 through 12 but lacks the option to select a specific date range, limiting the report to the current period. Although you can adjust the current period to view a different open year, there's no capability to generate reports for closed years. However, by saving the report with a new name, you can create a custom financial statement, enabling greater flexibility in viewing your financial data. This new report will then appear in the list for future access.