I don't believe that's available in Lacerte. I think it just has to be in staff training to hit F4 to update the status as it needs to be changed.

Not to needle, genuinely curious: how would the software "know" if the preparer is finished? i.e., will the preparer need to input more later or is it ready for review? Or are you saying that every time a preparer exited the return, preparer is prompted "is this ready for review?"?