Every quote has a status. The status shows where the quote is in the process, and it is shown in your order list, in the customer’s account and on the quote page.
When the customer accepts a quote, the order moves to the normal WooCommerce status Pending payment. After payment, WooCommerce uses its usual statuses, such as Processing and Completed.
You can change the status in the order page, in the order list, or with a bulk action in Quote requests list. Quote statuses are shown at the top of the status list.
You can change the name, the colours and the message of each status. See Status labels and colours.