What are Budgets?
Budgets in FreshBooks are completely time-based, and are used to keep track of your progress working on projects. You choose set an hourly time budget, which is the amount of time you expect to work on this project. As you track time, your project’s “progress bar” will update showing where you are relative to where you expected to be.
If you are dead-on budget and should stop tracking time, your progress bar will be a beautiful blue.
If tracked more hours than your expected budget, you can still track time but the project will be flagged with a Red progress bar so that you know you’re working overtime.
If you have not reached your time budget yet, the progress bar will be green indicating you are still good to track more time.