There are the following quote statuses:
|Draft||This status means that this is a draft quote.|
|Sent||The quote is sent to the client, and we are waiting for the client’s review.|
|Accepted||This status means that the client has accepted the quote.|
|Declined||This status means that the client has declined the quote.|
|Archived||This status is for quotes that we don’t need anymore, but want to keep for the history.|
You can change quote statuses manually on the view or edit quote screen. Or using bulk actions in the quote lists.