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By default a text log file will be created in the backup folder with the name of backup and .log extension. Since automated (or scheduled) backups are stored in the folder containing the date and time stamp, the default log name will appear as follows:
If the backup location is C:\Backups and the backup name is Disk Image, the log name will be shown as C:\Backups\DiskImage\DATETIME\DiskImage.log where <DATETIME> will be substituted with the actual date and time.