Drake Software is loaded with features and tools to help you with the day-to-day
operation of your business. Our focus is making you and your staff productive and
efficient, letting you spend more time working with clients and building your business.
Speedy, Light Interface – From the ground up, Drake
is built to help you quickly enter data, navigate forms, and process returns. Drake
is responsive and has low system requirements,
so you won’t waste time waiting on your software.
Automatic Data Flow – Data from the federal return automatically
flows to state and city returns, with the ability to override entries as needed.
State and city returns are automatically generated as needed.
Prior-Year Data – Quickly and easily pull forward and
update prior-year returns, either all at once at the beginning of the season, or
as needed when clients retain you.
Shortcut Keys and Macros – Simplify data entry with
preprogrammed shortcuts or custom macros that reduce repetitive keystrokes.
Autofill Features – The EIN and ZIP Code databases save
you time when entering companies and addresses. With the built-in EIN database,
once you’ve entered a company with an EIN, future entries of the same EIN will automatically
fill out the company’s name and address. And with any entry of a ZIP Code, city
and state fields will be automatically completed for you.
2D Barcode Scanning – Have a W-2 or K-1 with a 2D barcode?
Scan it directly into the software — a quick and simple process that ensures data
accuracy. (Requires a 2D barcode scanner.)
Multi-State Returns – Create any individual or business
return you need, without having to buy an expensive add-on module. E-file all states
along with the federal return (or separately, if necessary and the state allows
it). Credit is automatically generated for taxes paid to other jurisdictions.
Simple Navigation – Navigating through the return process
is fast and simple. At any time during data entry, click once to view generated
forms or open a summary of the return.
Organized Results – With Enhanced View Mode, you can
easily select forms for printing, access form pricing, and change the order in which
forms are printed. You can view a return’s generated forms and worksheets in a tree
view, or narrow your view by form category.
Quick and Easy Updates – Keeping your software up to
date is easy. Your software will let you know when updates are available, and you
can install immediately or set up an automatic schedule. Either way, installing
updates takes just seconds.
Quick Estimator – Estimate your client’s refund with
minimal data entry and just a few clicks.
Notes Screens – Create a form-specific Note, or create
a longer, nonspecific note with the Preparer’s Notepad screen. Either is handy for
reminders to yourself or to another staff member about work that has been done or
remains to be done.
Joint vs. Separate Report – Drake lets you split a joint
return into two separate returns, then produce a report comparing the filing statuses.
Amortization Schedules – Fill in missing data or just
research different scenarios with handy amortization schedules. You get automatic
calculation of payment amount, interest or loan length, for fixed payment loans,
fixed principal loans and balloon loans.
File Backups – Use the included easy utility to back
up all your valuable client data, a single client file, or a custom list of specific
files. You can also back up your Drake setup and configuration files for safekeeping.
Labels and Envelopes – Drake lets you easily print client
names and addresses, so you can stay in touch. Filter and target exactly the clients
you want to receive your mailings. Print mailing labels, envelopes, postcards, post-season
and pre-season letters, payment reminders, and appointment reminders.
Email – Use the free e-mail account to remind your clients
of appointments, or to send and receive electronic tax documents. Create mailing
lists with the built-in query tool, organize your contacts with contact lists and
address books, and easily send the client file to Drake Support when you need help
with a return.
Blank Forms – Need a copy of a federal or state form?
No need to look it up on a website, no need to keep paper copies on hand – they’re
all just a click away in your software.
PDF Attachments – Drake makes it easy to attach PDF
files to business returns for e-filing. The documents can also be stored in Drake
Document Manager for future reference. PDFs can be e-filed with Forms 1120, 1120S,
1065, and 990.
Printer Sets – Control which forms and the order they’re
printed for client, preparer, paper filing, or any custom sets you’d like.
Drake PDF Printer – Create password-protected PDF copies
of a tax return and e-mail to your client. You can also print an electronic copy
of any return to the Drake Document Manager.
Interactive Diagnostics – The Calculation Results window
displays return information — including notes, fees, refund amount, and e-file eligibility
— at a glance. If a return has a problem that prevents e-filing, a link takes you
directly to the problem form and field.
Return Diagnostics – Messages are produced when a return
has an issue that would cause an IRS rejection. Each message contains the error
code and a brief description of the issue, and must be cleared before a return can
be e-filed. Notes are generated automatically to provide reminders and tips about
each tax return.
Archive Manager – Use the Archive Manager to save a
return before amending it, or to compare multiple versions of a return so you can
make the best recommendation to your client.
Tax Year Comparison – Quickly compare and analyze a
client’s data from multiple tax years with our convenient comparison worksheet.
Import and Export
W-2 Import – Download electronic W-2s from select companies
and import directly into the client’s return.
Schedule D Import – With this clean and simple feature,
import investment transactions from an Excel or text file directly into Schedule
8615 Export – Save time and simplify data entry by using
a quick, two-step process to export parents’ tax information to a child’s Form 8615.
K-1 Export – K-1 data from 1041, 1120S, and 1065 returns
easily flows into 1040 tax returns.
End-of-Year Balance Import – Export end-of-year balances
from Client Write-Up or QuickBooks and import directly into the tax return.
Trial Balance Import – Simply enter data from your balanced
books into our trial balance spreadsheet and import the information directly into
an 1120, 1120S, or 1065 return.
Help and Reference
On-Screen Help – Drake contains a full program-wide
help system, covering the most commonly asked questions and help topics. Also provided
are screen and field help, explaining how to complete data entry for the given screen.
FAQs are also provided for all federal and state packages.
Drake Software User’s Manual – The
User’s Manual includes detailed information on topics such as program navigation,
electronic filing, federal packages, banks, and state returns. You can access the
manual on your Drake CD, from within the software, or online. You can also
purchase a printed copy.
Internet Support – Drake’s customer support website,
support.drakesoftware.com, is the
go-to place for all matters related to your software and your Drake account.
Knowledge Base – Advises how to fix problems, offers
specific data entry solutions, and makes available updates for specific problems.
Accessible from within support.drakesoftware.com.