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Thank you for getting help with your projects, chittermorree.
I understand that time tracking and budgeting are crucial in your consulting project, and I appreciate the details of your question. However, it's important to note that budgeting cannot be directly associated with projects, as it is based on accounts and not profiles.
On the other hand, time tracking in QBO actually works with the project feature. When you create a Timesheet, simply add the project as billable to the project. From there, you can invoice your customer using the time entries. So, I'd like to ask for more information about this, so I can replicate the scenario on my end.
I'm just right here to continue helping you.