Again it depends on what time zone your server is on. And if you want to adjust it.
You should see something like:
Date & Time
Default Time Offset (Hours):
Unadjusted Server Time: 09/02/10 03:52 PM
So if say if currently your time is 2:52 you would enter a -1 to delete a hour.
Or enter a 1 if you want it to display 04:52 PM.
Or don't change anything
Then each member if on a different time zone from you can goto: Mystuff and enter a time offset same as above -? or ?:
