Add up a timesheet in seconds with our free calculator.Open the calculator
TimeTracker

Project budgeting software

Budget comparison
Real-time

Budget comparison

Budget options
Fee/Hour

Budget options

Overrun alerts
Live

Overrun alerts

What it means

What this means

What it is

Project budgeting is the setting of hour or financial limits on a project and tracking team hours and costs against those targets to check for budget compliance.

Who needs this

Project managers, department heads, and agency owners who must deliver client projects within defined cost or time limits.

The problem

Project budgets are checked too late to prevent losses

Many teams only calculate project costs after the project is delivered. By then, budget overruns are already locked in, and you are forced to write off the extra hours or face difficult client billing reviews.

Sound familiar?

Signs this is happening on your team

  • Budgets are kept in spreadsheets separate from tracked time
  • You discover project overruns only during invoicing
  • No quick way to check if a project is under or over budget
  • Team members do not know how much budget is left
  • Project estimates are consistently lower than actual hours
The cost

What this costs you

Late budget checks lead to direct profit losses, write-offs of unbillable time, and resource constraints due to teams spending extra time on unprofitable accounts.

The solution

Integrated project budget tracking

TimeTracker connects project budgets directly to active timers. As the team logs time, the system updates the consumed budget in real time. Alerts notify project leads before limits are hit.

How it maps

From problem to outcome

  • Problem

    Overruns discovered after delivery

    Outcome

    Live budget tracking on dashboards

  • Problem

    Disconnected budget spreadsheets

    Outcome

    Time tracking linked to budget codes

  • Problem

    Vague team budget alignment

    Outcome

    Remaining budget shown to team members

How it works

How it works in TimeTracker

Set project budgets in hours or total fees

Track team hours against project tasks

Monitor budget consumption on live dashboards

Receive automated warnings at budget thresholds

Best for

Built for teams like these

By industry

Project Budgeting by industry

Popular features

Project Management

Keep projects on track and in budget

Define project phases, set budget caps, and track work progress in real-time. See margins and utilization without building reports manually.

Explore Project Management
Time Tracking

Employee time tracking your team will actually use

One click starts a timer, or people type hours in by hand. Every entry ties to a client, project, and task, so the record stays clean.

Explore Time Tracking
Reports & Dashboards

See where the time really goes

Break hours down by client, project, and team member. Find the work that pays off and the projects that run over.

Explore Reports & Dashboards
Free tools

Related free tools

FAQ

Frequently asked questions

Can we set budgets in hours or fees?
Yes. TimeTracker supports hour-based budgets (e.g., 100 hours) and fee-based budgets (e.g., $10,000), calculated using team rates.
What happens when a budget is exceeded?
You can configure the system to send alerts, lock the project from further time entries, or allow tracking but flag the overage.
Can we exclude non-billable hours from the budget?
Yes. You can choose to track only billable hours against the project budget, keeping internal admin time separate.
Can we set budgets on individual tasks?
Yes, you can allocate portions of the project budget to specific tasks to track progress on deliverables.

Control project budgets

Stop guessing project health. Track budgets in real time and protect project margins with TimeTracker.

Budget your projects