Menu > Admin > System setup > Contact management > Opportunity status
Opportunity status allows you to define the status of the opportunity. Typical settings are 'postponed', 'closed' or 'open'.
Opportunity status settings
Click on to add a new row.
Status - Enter in status name.
Opportunity is active - Check whether the status is 'active' or 'not'. This is used for Opportunity forecast widgets & reporting purposes.
NOTE: To change the display order, simply drag and drop the order.