You can use a valid local hard disk destination for your backup. The Local hard drive option is selected by default when you define a new backup.
In Local hard drive field, select the destination drive you want to be used.
In the Folder field the default path is \My Backup4all\Admin. You can click on the Browse button and select a location of your choice where the backup will be stored.
In destination folder field, you can use Environment Variables as %Computername%, %SystemDrive%, %UserName% etc.