What's New

New Enhancements

  • Navigation - Drake Accounting uses a tree view navigation system similar to Window’s native system. The plus sign (+) expands a node and a minus sign (-) closes it. 
  • Importing - Import client, employee, vendor, and bookkeeping information from Quick Books, Sage 50, and Intuit EasyACCT.
  • Forms zoom - There are five levels of zoom for easier viewing of both state and federal forms.

 

  • Improved Validation Drake Accounting has red exclamation marks to show you what information is required before you can save the screen.
  • Journal Screen - Enhanced filtering capabilities have been added to filter journal transactions by journal type or account, prefill offsetting entry amounts, and view monthly statuses which will show when a month is in or out of balance.
  • Setup PanelThis panel is designed to guide you through the software setup options including Employees and Payroll Setup, Accounts Payable and Receivable, Direct Deposit, MICR Info Setup, and Reporting Options all in one central location.
  • State Tax & Wage Forms - Currently 51 state forms have e-filing capability within the software.

New Features

  • Web Links -Web Links is a convenient source to provide access to various websites and resources for the Social Security Administration, the Internal Revenue Service, and the Department of Homeland Security.
  • Tip of the Day - This feature has been added to keep you informed on different tips and tricks throughout the software.
  • Direct Deposit - Employee and vendor paychecks can now be direct deposited into two different bank accounts.
  • Puerto Rico Forms - 940-PR, 941-PR, 943-PR, and 944-SP have been added to Drake Accounting.
  • Chart of Accounts - A faith-based template has been added to the Chart of Accounts.
  • DOL Rules - Employee Payroll has the option to force the software to use wage and overtime factors that follow within the guidelines of the Department of Labor.
  • Unlimited additions - Drake Accounting allows unlimited deductions, benefits, pay rates, localities, and divisions throughout the program.
  • TipsDrake Accounting gives the option to allow an employee to be tipped both directly and indirectly.
  • OTF State Forms - All available state tax & wage forms can be produced, printed, and filed through the On The Fly module.
  • E-Signature - Electronic Signatures have been added to sign all allowable forms and checks within the software.
  • Accounting Method - Drake Accounting supports both cash and accrual based accounting methods.
  • Rates & Withholding - Find the federal, state, and local rates and withholdings setup all in one central location. These amounts and tables can be edited by the user and be set back to the default rates if necessary.
  • Portal - Use the Drake Accounting Portal to let employers supply their employee information directly rather than you having to manually enter it in the software. This service is at no additional charge.