I use SQL Enterprise Manager to create two maintenance jobs 30 minutes before a backup.
1.) Backup database files to e:\MS SQL backup
2.) Backup Transaction logs to e:\MS SQL backup
each in its own directory
leave the repair and checking databases as default
Backup is 8:00pm every night
Keep two days of backups
I do each database separate as two jobs including all system dbs: Master, etc....
I backup this directory instead of the active databases.