| Price | Forms Edition – $395 | Professional Edition – $795 |
|---|---|
| Rating | 4.6/5 Based on 27 reviews on G2. |
| Business Function | |
| Industry | |
| Developer | Drake Software. |
Drake Accounting is accounting and payroll software built for firms that want to manage everyday financial work from one system. It helps handle bookkeeping, payroll, accounts payable, accounts receivable, forms processing, and financial reporting, making it a practical option for firms that serve multiple clients. Drake presents it as a fully featured accounting and payroll solution for firms seeking an affordable way to deliver these services.
The software supports double-entry accounting and includes reporting tools that help firms review financial data with more clarity. Drake highlights reports such as profit and loss statements, balance sheets, payroll reports, and drill-down reporting features that make it easier to analyze details and track financial activity.
For firms moving from another system, Drake Accounting also supports data import and conversion workflows. Users can import data from QuickBooks, Sage 50, and Intuit EasyACCT, and export accounting data to Drake Tax, which helps create a more connected accounting and tax workflow.
Supports live payroll and after-the-fact payroll, with options for batch entry, multi-location payroll, direct deposit, and federal and state tax and wage forms. Drake Accounting also supports e-filing for Forms 94x, W-2, W-3, 1099, 1096, 1098, W-2G, and available state forms.
Bookkeeping tools built around double-entry accounting provide financial reports that help firms review balances, compare periods, and track client financial activity with more detail. Drake also highlights graphical drill-down reports for closer analysis.
Includes an Accounts Payable module for entering vendor invoices and printing or reprinting vendor checks, along with a Quick Payments feature. It also includes an Accounts Receivable module to record and track invoices, shipments, payments, and balances.
Highlights a tree-view navigation layout, field validation, zoom options for forms, and report export options. Those features can make day-to-day work easier for teams that regularly move between payroll, bookkeeping, reporting, and forms processing.
Supports electronic signatures through an electronic signature pad for checks and e-fileable federal forms, including Forms 94x, W-2, and 1099, along with supported state tax and wage forms.
Includes automated offsetting entries to simplify routine bookkeeping work. By reducing manual posting effort, it can help firms save time and maintain more consistent records across everyday accounting tasks.
Drake Accounting helps firms manage bookkeeping, payroll, payables, receivables, and reporting from one system. When Drake accounting software is used with cloud-hosted QuickBooks on Ace Cloud Hosting, it creates a more connected cloud setup with simpler workflows and added cloud benefits.
Multi-level security infrastructure protects your Drake data with features including multi-factor authentication, 256-bit data encryption, managed EDR, access controls, patch management, antivirus, and more.
Dedicated support is available 24/7 through phone, chat, or email. Our expert team ensures swift response and effective resolution to prevent downtime and keep your accounting processes running smoothly.
An SLA-backed 99.99% uptime guarantee ensures uninterrupted operations for all Drake software users. Our Business Continuity and Disaster Recovery (BCDR) plan maintains continuous operations, even during a disaster.
High-Performance Computing (HPC) servers deliver a real-time experience with no lag. Multiple users can work on Drake Accounting simultaneously from remote locations without performance degradation.
Unlimited data storage is available for all business applications, including Drake Accounting. A 45-day automated backup solution provides protection against ransomware, phishing, and other advanced threats.
Multiple Tier-4 and Tier-5 data centers host your data and applications with infrastructure redundancy and fault-tolerant systems. Robust security controls include 24/7 CCTV surveillance and multi-level access restrictions.
Drake Accounting supports importing client, employee, vendor, and bookkeeping details from QuickBooks. Drake’s official conversion workflow uses a QuickBooks .iiF export file and an Import QuickBooks process inside Drake Accounting.
Export QuickBooks data as an .IIF file.
Open Drake Accounting and go to File > Import > Import QuickBooks.
Select the .IIF file and enter a unique client code.
Choose the data to import, such as customers, vendors, employees, and Chart of Accounts. Review the imported records.
