Virtual folders reference currently existing folders on your computer's hard drive. A virtual folder name is only an alias for the real folder. When you create a virtual folder you do not have to give it the same name as the actual folder it references.
Start the Administrator Interface and click the VFS tab in the lower left window.
In the left window, right-click the folder where you want a virtual subfolder.
Choose New Virtual Folder... from the menu.
Type a name for the folder in the Alias box.
Choose the target folder by typing the path in the Target box, or click the little yellow folder and browse to the target folder.
Click OK.