Project management software?

[Tom L]

Before we really consider building something internal, does anyone know any decent PM software (on or offline) which will do most of the following:

Project timeline/milestones, reports on progress, budget allowance, labour spent etc etc? Want something where the team can enter their spent time (preferably live recording) on project tasks so we can see whether we are under or over delivering etc.

P.S. it's for website projects!

Thanks