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The standard financial statements in Sage 50 include the "Standard Income 12 Period" report, which provides a monthly breakdown of the current fiscal year from periods 1 to 12. However, users are unable to select a date range, limiting the report to the current period only. While it is possible to adjust the current period to a previous open year, closed years cannot be accessed. A simple solution to enhance functionality is to save the report with a new name, transforming it into a custom financial statement. This process allows users to create a personalized report while retaining the original format, which is then accessible in the report list.