SalesForce - "Account" status tracking and sub-categories?

I am looking to see if there's a way to add some account status fields to the main account screen.

So this would be for prospect Account status.
Right now I don’t see a way to categorize a prospect in SalesForce so that we can look at the targets and get a summary of where each is in the sales process. Examples:
 
Primary categories with subcategories:
-      Prospect
o      Actively prospecting
o      In sales process
o      Delayed process
-      Client
o      No addtl opportunities
o      Other ops to prospect
-      Not prospecting
o      Exiting mortgage
o      Captive amc
o      Panel direct
o      Lost client
o      Too small
o      Other

Opportunity pipeline steps are what are used to track opportunities not accounts -- I need to track at the account level. Here is the hierarchy:
 
Accounts are distinct bank names, such as Bank of America
Accounts can have numerous leads or opportunities- such as default servicing or REO or origination and it is very important to track accounts separately from leads or opportunities.

Would I need to work with any custom fields in Setup > Account? They have as standard that may work if we could rename and add either a description or sub-category, is that possible?
garryshapeAsked:
Who is Participating?

[Product update] Infrastructure Analysis Tool is now available with Business Accounts.Learn More

x
I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

lcohanDatabase AnalystCommented:
Wouldn't be enough to just use one of the already existing "prospect status" as the "Account status"?

 o      Actively prospecting
 o      In sales process
 o      Delayed process

assuming at least one must be set otherwise it won't be even qualified as a "Prospect"
0

Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
Databases

From novice to tech pro — start learning today.