To save a report as a favorite. Go to Reports and find the report that you would like to save as a favorite. Set up the hierarchy and change any filters that you feel need changed/added and click Run. Once the report has loaded and is displaying the information click the Star in the upper right corner. Enter name and description (optional) and click Save. You should now see the report saved under the My favorites & Shared Reports tab.
Note: There is a 50 character limit on the title of the report. If you exceed 50 it will not appear under the My favorites & Shared Reports tabKeyword Search: Report, Favorite Report