Your reports will display data in days as well as hours, depending on your preferences. By default, the number of hours in a day for people resources is 8, and for non-human resources it is 24. But not every company has the same number of hours in a day. So, you can configure the right number of hours for your company over in your Settings.
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Visit your Settings and then click Reports.
Click on any of the links to edit the hours in a day for that resource type, then click Save.