SalesProfileStatus field on Accounts/Contacts

Content

Hi ,

Can I use the standard field - 'SalesProfileStatus' available on both Contacts /Accounts , to tag them as Active or Inactive ? I assume this can be edited from UI and user can manually change it to Inactive and Active whenever required.

The Accounts and Contacts in the system wont be deleted , instead we would like to keep record of the Inactive Accounts and Contacts. Can I use the above fields for this purpose ?

Thanks

Version

19D