Scheduled reports at 12am in the night by default. You can set them up to be generated at any time you need.
Lets say you want to create a monthly report that you want generated on the 2nd day of the month at 10 am in the morning.
You should set a delay of 1 day and 10 hours as shown in the screenshot below
With the above settings the scheduled report will be generated at 10am on the 2nd day of the month
If you have any questions regarding the working of scheduled reports drop us an email at firstname.lastname@example.org