The Gradebook Settings allow you to modify and apply Late Policies, a Grade Posting Policy, a Final Grade Overview, and View Options in your course gradebook.
Late Policies: Allows you to apply missing submission or late submission policies to your course.
Grade Posting Policy: Allows you to choose between automatically and manually posting grades. Note: If a manual posting policy has been applied, all assignment headers in the Gradebook will show the Manual label.
View Options: Filters and sorts the Gradebook according to several viewing options and allows to modify the color for a grading status (late, missing, resubmitted, dropped, and excused).