Budget for time to a project, so that you can create a quite for a client, compare actual time spent on a project vs budgeted time allocate for the job. Please note that you can add your own customized statuses.
Default Time Statuses
When adding time, you have the option to add it as budgeted, allocated, and actual. To add budgeted time on a project, simply select budgeted when you open the Time add form for all the time you add on this project.
'Project' Calendar View
The screenshot above shows 16.00 budgeted hours for our project (1). You can simply budget time for projects by selecting the correct status in the ‘Time’ add form, and it will then show up as a budgeted time block (2).
Read more articles about time logging, time tracking and project time management in Skylight here http://support.skylightit.com/category/time-management-and-scheduling/
Read more about How to Create a Quote from Budgeted Time on a Project