diff --git a/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.json b/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.json
index ebe5255b27..9332c56e75 100644
--- a/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.json
+++ b/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.json
@@ -27,7 +27,7 @@
   "project",
   "column_break_26",
   "status",
-  "is_cancelled"
+  "amended_from"
  ],
  "fields": [
   {
@@ -162,14 +162,6 @@
    "search_index": 1,
    "width": "150px"
   },
-  {
-   "default": "0",
-   "fieldname": "is_cancelled",
-   "fieldtype": "Check",
-   "label": "Is Cancelled",
-   "read_only": 1,
-   "report_hide": 1
-  },
   {
    "fieldname": "column_break_6",
    "fieldtype": "Column Break"
@@ -203,12 +195,12 @@
    "width": "150px"
   },
   {
-   "default": "Submitted",
+   "default": "Draft",
    "fieldname": "status",
    "fieldtype": "Select",
    "hidden": 1,
    "label": "Status",
-   "options": "Submitted\nPartially Delivered\nDelivered\nCancelled",
+   "options": "Draft\nSubmitted\nPartially Delivered\nDelivered\nCancelled",
    "read_only": 1
   },
   {
@@ -216,13 +208,23 @@
    "fieldtype": "Float",
    "label": "Delivered Qty",
    "read_only": 1
+  },
+  {
+   "fieldname": "amended_from",
+   "fieldtype": "Link",
+   "label": "Amended From",
+   "no_copy": 1,
+   "options": "Stock Reservation Entry",
+   "print_hide": 1,
+   "read_only": 1
   }
  ],
  "hide_toolbar": 1,
  "in_create": 1,
  "index_web_pages_for_search": 1,
+ "is_submittable": 1,
  "links": [],
- "modified": "2023-03-20 21:53:07.671437",
+ "modified": "2023-03-21 20:15:42.659789",
  "modified_by": "Administrator",
  "module": "Stock",
  "name": "Stock Reservation Entry",
@@ -230,6 +232,7 @@
  "owner": "Administrator",
  "permissions": [
   {
+   "cancel": 1,
    "create": 1,
    "delete": 1,
    "email": 1,
@@ -239,6 +242,7 @@
    "report": 1,
    "role": "System Manager",
    "share": 1,
+   "submit": 1,
    "write": 1
   }
  ],
diff --git a/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.py b/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.py
index 1dbda6a519..406fba8807 100644
--- a/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.py
+++ b/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry.py
@@ -20,7 +20,6 @@ class StockReservationEntry(TransactionBase):
 		self.update_status()
 
 	def on_cancel(self):
-		frappe.db.set_value(self.doctype, self.name, "is_cancelled", 1)
 		self.update_status()
 
 	def validate_mandatory(self):
@@ -42,13 +41,15 @@ class StockReservationEntry(TransactionBase):
 
 	def update_status(self, status=None, update_modified=True):
 		if not status:
-			if self.is_cancelled:
+			if self.docstatus == 2:
 				status = "Cancelled"
 			elif self.reserved_qty == self.delivered_qty:
 				status = "Delivered"
 			elif self.delivered_qty and self.reserved_qty > self.delivered_qty:
 				status = "Partially Delivered"
-			else:
+			elif self.docstatus == 1:
 				status = "Submitted"
+			else:
+				status = "Draft"
 
 		frappe.db.set_value(self.doctype, self.name, "status", status, update_modified=update_modified)
diff --git a/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry_list.js b/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry_list.js
index 992c566989..443350c032 100644
--- a/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry_list.js
+++ b/erpnext/stock/doctype/stock_reservation_entry/stock_reservation_entry_list.js
@@ -4,6 +4,7 @@
 frappe.listview_settings['Stock Reservation Entry'] = {
 	get_indicator: function (doc) {
 		const status_colors = {
+            'Draft': 'red',
             'Submitted': 'blue',
             'Partially Delivered': 'purple',
             'Delivered': 'green',