Your Project Time Budget is going to give you a general idea of how much time you have billed out (invoiced) in relation to your time's budget.
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You will set your project budget.

And then all items you make will start to add to the sum from the Total Purchase Cost of each item.

Your Project Time Budget is going to give you a general idea of how much unbilled time your team has in relation to your time's budget.

You will set your project budget.

Any Time Entry that is made Billable and on an invoice, will be added together and shown as a total amount and percentage of the Time Budget in the Project Page .

And NOT yet on an Invoice.

Will be taken from the amount of time you set.

Your Item Budget is going to give you an idea of what you were able to spend on the item, against the actual cost the item ended up being. And it will provide that budget difference. In the example below $1000 budget - $932.80 = $67.20 Budget Difference

To add this feature, please navigate to your Company Profile

Any Select, Show Budget Section in Item Modal

You can also view your budget info from your column choices.