Hello, I just bought a canon zr45 today off a friend without the owners manual. I had the same problem. It is flashing because it needs a new 3 volt lithium battery. This is a back up battery. It is located underneath the regular battery pack. Take the regular battery pack off and you will see where it goes. I changed mine and it doesn't do it anymore. It shouldn't show up on your recordings. It didn't on mine. Also, you can download an owners manual for free off the internet. Just key in canon zr45 owners manual and you will see links that will take you there. I hope this helps.
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