@i_need_help
You can also move the the playhead with this box.
The time code works as follows:
hh:mm:ss:ff
- hh = Hours
- mm = Minutes
- ss = Seconds
- ff = Frames
Depending on the fps your video is, the ff value you enter will vary for each video at different fps settings. If you have a 30 fps video and have it set at :15, is different than if you have a 60fps video and have it set at :15.
In the picture above, I have a 60fps video, and I have set it to the 55th frame into the 3rd second. Either you can use the arrow keys in the picture, up or down with the mouse, or you can highlight with the mouse a section and change it manually by typing in the value you want.