Without time, music is just random noises.  Most of the song views in Record
Producer establish where you are in your song in the format of Bar:Beat:Click.
 
While bars (or measures) and beats are probably familiar to you, clicks
probably requires a little explanation.  

Every quarter note in Record Producer is made up of 480 subdivisions or
clicks. So, an eighth note is 240 clicks, a sixteenth note is 120 clicks, 
and so on. 

Time is also displayed in real clock time (hours, minutes, and seconds).  
Or you can display SMPTE time in which seconds are divided into frames 
for synchronization with a video.  See Options > Sync Settings for options 
on time display. (available in Deluxe Edition only)

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