Q: What does that mean? Does that mean the person that adjust it was their own punches?
A: The employee who clocked out selected "I do not approve" instead of "I approve" in answer to the on-screen prompt. It is a flag to alert the managers that the employee thinks there is a discrepancy with the time record shown on screen.
EDIT
In Version 10.0.377 and higher, you no longer have to manually close payroll. Find out more.