Hi, I'm a little confused. Are you looking for help with setting the status (i.e. updated, new or unchanged) field? Or is that bit under control? Alternatively, are you looking for help with setting the "date of last entry"?
Following on from the previous post about "After Update" and in the absence of specific information, following are some general notes about the "After Update" function. This won't provide the exact answer you are seeking (I don't have the form or variable names) but hopefully it will point you in the right direction.
You can get Access to perform a task (or series of tasks) after a record has been updated through a form by going into the form design, Click Edit -> Select Form, Click View -> Properties -> Event -> tab down to "After Update" and either select a macro (see below) or write some VB code to reset the date (assuming this is what you want to do). Rather than doing this at the form level (i.e. the "Select Form" bit) you can also (or alternatively) set the macro to run after a certain variable or field has been updated by assigning the macro to the specific item or field on the form (select the item, view properties, tab down to after update etc).
VB not being my strength, you can create a new macro that sets the value of the date on the form (for example "=Now()" - without the quotes) by using the "Setvalue" command - enter your variable name, prefixed with the form name, in the box titled "Item" and the value you want into the box titled "Expression".
Post another reply if you can't get it to work.
HTH, Andrew.