Thanks all. I was creating new projects to tweak all of the settings after the new install without naming them first and if I decided to keep a particular project I was naming it at the save as screen.
The process works as expected if the project name is entered in the new project screen. When saving the project and sub audio folders are created and the audio is saved in he sub folder.
I just never paid any attention to the workflow all these years.
Regards,
Ardjunc