To create a b&w preset, select to print a document and open the relevant menu to set the printing to b&w. Then, click on the Presets menu and select Save As. Enter a name for the preset, such as B&W, and click OK.
To now create a colour preset, change the relevant menu to the colour printing setting. Then, click on the Presets menu and select Save As. Enter a name for the preset, such as Colour, and click OK.
Now, next time you print, you simply need to select the colour or b&w preset to get the desired output.
Pahu