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In classic UI you have the ability to organize your favorites in to a structure more relevant to how you work whereas this does not appear possible in the Modern UI.
I am correct in this assumption or have I missed the obvious???
My last round of testing was using Acumatica Build 18.202.0029 (released on 2018-10-25), checked the release notes in the next build to see if this has been added and no mention of this as being a known issue.
Modern UI is a step backwards. Just enable Classic UI on your profile.
Not that I know of because the Favorites Workspace disappears when you go do Edit Menu. Even if it didn't, most people wouldn't have Edit Menu available to them.
And I agree with Royce in that the Modern UI feels like a step backwards at the moment. I still try to use it though, hoping that it will improve.
Modern UI is actually more handy for what you are looking for.
Why not just create a new workspace with all the screens that you need for your work?
Something like this would require user to modify Site Map in Classic but the Modern UI makes it safe and easy to make custom little "suites" or workspaces using the Edit Menu as Tim mentions.
I think the challenge is that you would need to give the user access to Edit Menu which then gives the user access to modify ANY Workspace. You'd probably want to only give them access to move things around within Favorites, but I don't know how to do that.