The rounding settings relate to time entries that are imported into invoices and are used to smooth out these billable time records. Although the rounding type and factor can be adjusted when creating the invoice, they ultimately govern how the time entries are valued. Users can select between the rounding type (e.g., Round Up or Round Down) and the rounding factor (e.g., 1 hour). For example, choosing the "Round up" type with a "1 hour" factor will round an entered time of 1.5 hours up to 2 hours for billing. Conversely, selecting the "Round down" type would round the same 1.5 hours down to 1 hour.