From which setup project invoice credit memo status is defaulted?

Summary:

When Project/Contract invoice created got canceled then currently invoice created with Approved status so which setup govern this canceled invoice default status whether it should be approved or draft or how this can change to Draft when invoice got canceled

Content (required):

When Project/Contract invoice created got canceled then currently invoice created with Approved status so which setup govern this canceled invoice default status whether it should be approved or draft or how this can change to Draft when invoice got canceled

Code Snippet (add any code snippets that support your topic, if applicable):

Navigation: Contracts>> Invoices>> Manage Invoices