Below is a brief description of the menu options on the left-hand side of the 'Reports' tab:
My Reports - Shows a list of all the reports accessible to you and available for scheduling.
To see related options, right-click one or more reports.
Templates - Create new reports, view or edit existing reports, and run standard reports.
New - Create new report instances using template-based reports (created earlier in Classic View).
Next Article: Reports Navigation