Quote Status & Expiration Date

A new feature for v2013.1.0.0 is the ability to have a Quote Status and Quote Expiration Date. The Expiration Date is not "enforced" - it is purely informational. In other words, the Quote can still be flipped into a Sales Order after the Expiration Date if your Sales Team just disregards the date.

The process to Create a Quote is detailed here.

Sales Order window