You can select multiple or individual line items and using actions create these Documents from a Sales Quote:
Create multiple Sales Orders from a Sales Quote.
Track Documents created from the Sales Quote on the Transactions tab.
Tracking Quote 'Status'
When you create subsequent Documents from a Sales Quote i.e. Sales Order(s), you can manually set the Quote 'Status' field to show the progress of the quote in your sales process.
The statuses are: Open, Submitted (to the Customer), Accepted (by the Customer), Rejected (by the Customer), On Hold, No Response.
Use a Custom field or a Memo and a Memo Type to enhance quote tracking. For example, create a Custom field with a dropdown list to add and manipulate your own statuses. Alternatively, specify a Memo type and track quote details using a Memo.