{"id":782,"date":"2021-10-04T05:34:01","date_gmt":"2021-10-04T09:34:01","guid":{"rendered":"https:\/\/verito.com\/blog\/?p=782"},"modified":"2026-09-14T04:13:31","modified_gmt":"2026-09-14T08:13:31","slug":"drake-software-features","status":"publish","type":"post","link":"https:\/\/verito.com\/blog\/drake-software-features\/","title":{"rendered":"5 Powerful Drake Software Features &#8211; You Might Not Know | 2026 Update"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\" id=\"h-5-powerful-features-of-drake-software-you-might-not-know-2026-update\"><span id=\"5-powerful-features-of-drake-software-you-might-not-know-2026-update\">5 Powerful Features of Drake Software You Might Not Know | 2026 Update<\/span><\/h1>\n\n\n\n<p><strong data-start=\"337\" data-end=\"355\">Drake Software<\/strong> has become a cornerstone solution for tax professionals, winning multiple Reader&#8217;s Choice Awards and serving over 70,000 tax professionals nationwide. With a 99.99% uptime rate when cloud-hosted, this comprehensive tax preparation software offers far more functionality than many users realize. Understanding these <strong data-start=\"671\" data-end=\"698\">Drake Software features<\/strong> can dramatically improve your workflow efficiency during tax season.<\/p>\n\n\n\n<p>Tax season brings enough stress without worrying about software limitations. <a href=\"https:\/\/verito.com\/blog\/drake-tax-software\/\" target=\"_blank\" rel=\"dofollow\" >Drake Tax Software<\/a> has established itself as a leading solution for tax professionals, but many users only scratch the surface of its capabilities. Whether you&#8217;re preparing individual returns or handling complex business filings, <strong data-start=\"1080\" data-end=\"1107\">Drake Software features<\/strong> can streamline your workflow and enhance client service.<\/p>\n\n\n\n<p>Let\u2019s explore five powerful <strong data-start=\"1194\" data-end=\"1221\">Drake Software features<\/strong> that you might not be utilizing to their full potential. To know the boost that Drake can provide on Cloud, you also need to know about <a href=\"https:\/\/verito.com\/blog\/drake-cloud-or-on-premise\/\" target=\"_blank\" rel=\"dofollow\" >Drake on Cloud Vs On-Premise<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-drake-tax-planner-strategic-tax-scenario-modeling\"><span id=\"drake-tax-planner-strategic-tax-scenario-modeling\">Drake Tax Planner: Strategic Tax Scenario Modeling<\/span><\/h2>\n\n\n\n<p>The <strong data-start=\"1347\" data-end=\"1368\">Drake Tax Planner<\/strong> stands as one of the most valuable yet underutilized <strong data-start=\"1422\" data-end=\"1449\">Drake Software features<\/strong>. This powerful tool allows tax professionals to create and compare multiple tax scenarios for clients based on various factors including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><br><p data-start=\"1591\" data-end=\"1607\">Income changes<\/p><br><\/li>\n\n\n\n<li><br><p data-start=\"1610\" data-end=\"1638\">Marital status adjustments<\/p><br><\/li>\n\n\n\n<li><br><p data-start=\"1641\" data-end=\"1674\">Dependent additions or removals<\/p><br><\/li>\n\n\n\n<li><br><p data-start=\"1677\" data-end=\"1729\">Major life events (home purchases, retirement, etc.)<\/p><br><\/li>\n<\/ul>\n\n\n\n<p>What makes this feature particularly useful is its ability to save multiple scenarios simultaneously, allowing you to demonstrate different tax outcomes to clients in real-time. This capability transforms your role from tax preparer to strategic advisor, showing clients exactly how different life decisions might impact their tax situation.<\/p>\n\n\n\n<p>The Tax Planner also includes a returns archiving function that creates different versions of a return for comparison purposes. You can easily revert to previous versions with a single click, making it simple to track changes and demonstrate various tax strategies to clients.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-practical-application\"><span id=\"practical-application\">Practical Application<\/span><\/h3>\n\n\n\n<p>During client meetings, you can use the Tax Planner to show the tax implications of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Converting traditional IRAs to Roth IRAs<\/li>\n\n\n\n<li>Timing major purchases or sales<\/li>\n\n\n\n<li>Adjusting retirement contributions<\/li>\n\n\n\n<li>Changing filing status<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-doublecheck-enhanced-accuracy-verification\"><span id=\"doublecheck-enhanced-accuracy-verification\">DoubleCheck: Enhanced Accuracy Verification<\/span><\/h2>\n\n\n\n<p>Even the most experienced tax professionals can make mistakes during the hectic tax season. The DoubleCheck feature serves as your built-in quality control system, allowing you to mark items in text boxes or check boxes as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flagged for review<\/li>\n\n\n\n<li>Noted for review<\/li>\n\n\n\n<li>Verified<\/li>\n<\/ul>\n\n\n\n<p>When used in combination with <strong data-start=\"1912\" data-end=\"1953\"><a href=\"http:\/\/Verito.com\/veritguard\" target=\"_blank\" rel=\"dofollow\" >VeritGuard\u2019s<\/a> 24\/7 managed IT services<\/strong>, your team can confidently prepare and review returns without performance slowdowns or access issues critical during peak tax season.<\/p>\n\n\n\n<p>For firms with multiple preparers or reviewers, DoubleCheck creates a clear audit trail of who has verified which information, improving accountability and reducing the risk of errors on client returns.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-automated-backup-options-data-security-made-simple\"><span id=\"automated-backup-options-data-security-made-simple\">Automated Backup Options: Data Security Made Simple<\/span><\/h2>\n\n\n\n<p>Data security is paramount for tax professionals handling sensitive client information. Drake Software offers multiple backup options to ensure your client data remains protected:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Manual Backup and Restore<\/strong>: Specify exactly where you want backup files stored<\/li>\n\n\n\n<li><strong>Automatic Backup<\/strong>: Schedule regular backups without manual intervention<\/li>\n\n\n\n<li><strong>Selective Backup<\/strong>: Choose specific client files or data types to back up<\/li>\n<\/ul>\n\n\n\n<p>Protect return data with <a href=\"https:\/\/verito.com\/managed-backup-services\" target=\"_blank\" rel=\"dofollow\" >managed backup and instant recovery<\/a>, including periodic test restores. <\/p>\n\n\n\n<p>With <a href=\"http:\/\/Verito.com\/veritcomplete\" target=\"_blank\" rel=\"dofollow\" ><strong data-start=\"2423\" data-end=\"2440\">VeritComplete<\/strong><\/a>, you also gain integrated hosting and IT support ensuring your backup processes are monitored and your systems are always audit-ready.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cloud-hosting-benefits\"><span id=\"cloud-hosting-benefits\">Cloud Hosting Benefits<\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/verito.com\/drake-tax-software-hosting\/\" target=\"_blank\" rel=\"dofollow\" >Cloud-hosted Drake Software<\/a> offers several advantages beyond the standard backup features:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Remote access from any device with internet connection<\/li>\n\n\n\n<li>Enhanced data security with enterprise-grade encryption<\/li>\n\n\n\n<li>Improved collaboration between team members<\/li>\n\n\n\n<li>Automatic updates and maintenance<\/li>\n<\/ul>\n\n\n\n<p>Know more about <a href=\"https:\/\/verito.com\/blog\/why-is-hosting-drake-software-on-cloud-the-perfect-choice-for-your-business\/\" target=\"_blank\" rel=\"dofollow\" >why Hosting Drake on Cloud is the best choice for your Accounting Business<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-drake-documents-digital-document-management\"><span id=\"drake-documents-digital-document-management\">Drake Documents: Digital Document Management<\/span><\/h2>\n\n\n\n<p>The shift toward paperless tax practices continues to accelerate, and Drake Documents provides the tools needed to make this transition seamless. This feature functions as a digital filing cabinet where you can securely store and organize:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Client tax returns<\/li>\n\n\n\n<li>Supporting documentation<\/li>\n\n\n\n<li>Tax forms<\/li>\n\n\n\n<li>Communication records<\/li>\n<\/ul>\n\n\n\n<p>Drake Documents creates a centralized repository for all client-related information, making it easy to locate and reference documents during client meetings or when responding to inquiries. The organized structure helps improve efficiency and reduces the time spent searching for physical documents.<\/p>\n\n\n\n<p>For firms with multiple preparers, Drake Documents facilitates collaboration by providing shared access to client files while maintaining appropriate security controls. This ensures team members can work together effectively without compromising data security.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-import-and-export-capabilities-streamlined-data-management\"><span id=\"import-and-export-capabilities-streamlined-data-management\">Import and Export Capabilities: Streamlined Data Management<\/span><\/h2>\n\n\n\n<p>Data entry represents one of the most time-consuming aspects of tax preparation. Drake Software&#8217;s robust import and export features significantly reduce manual data entry requirements through:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Electronic W-2 Import<\/strong>: Download and import data directly from select employers<\/li>\n\n\n\n<li><strong>Select D Import<\/strong>: Load investment transactions from text files<\/li>\n\n\n\n<li><strong>K-1 Export<\/strong>: Transfer data from 1041, 1065, and 1120S returns to 1040 returns<\/li>\n\n\n\n<li><strong>Trial Balance Import<\/strong>: Bring accounting data directly into tax returns<\/li>\n<\/ul>\n\n\n\n<p>These capabilities not only save time but also reduce the risk of transcription errors that can occur during manual data entry. The seamless data transfer between different return types is particularly valuable for clients with complex tax situations involving multiple entities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-maximizing-drake-software-with-cloud-hosting\"><span id=\"maximizing-drake-software-with-cloud-hosting\">Maximizing Drake Software with Cloud Hosting<\/span><\/h2>\n\n\n\n<p>While Drake Software offers powerful features on its own, hosting it in the cloud can significantly enhance its capabilities and accessibility. Cloud hosting providers like <a href=\"http:\/\/Verito.com\" target=\"_blank\" rel=\"dofollow\" >Verito<\/a> specialize in secure, reliable hosting solutions specifically designed for tax and accounting software.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-key-benefits-of-drake-software-cloud-hosting\"><span id=\"key-benefits-of-drake-software-cloud-hosting\">Key Benefits of Drake Software Cloud Hosting<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Feature<\/th><th>Local Installation<\/th><th>Cloud Hosting<\/th><\/tr><\/thead><tbody><tr><td>Remote Access<\/td><td>Limited to office network<\/td><td>Available from anywhere with internet<\/td><\/tr><tr><td>Data Security<\/td><td>Dependent on local measures<\/td><td>Enterprise-grade security protocols<\/td><\/tr><tr><td>Collaboration<\/td><td>Limited to shared networks<\/td><td>Real-time collaboration from any location<\/td><\/tr><tr><td>Backup Protection<\/td><td>Manual processes required<\/td><td>Automated daily backups with redundancy<\/td><\/tr><tr><td>IT Management<\/td><td>In-house responsibility<\/td><td>Managed by hosting provider<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Cloud hosting transforms Drake Software from a desktop application into a flexible, accessible platform that supports modern work arrangements. This is particularly valuable during tax season when extended hours and remote work may be necessary to meet deadlines. <a href=\"https:\/\/verito.com\/blog\/benefits-of-drake-tax-software-hosting\/\" target=\"_blank\" rel=\"dofollow\" >Drake Software Hosting comes with benefits<\/a> that may energize your firm&#8217;s accounting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span id=\"conclusion\">Conclusion<\/span><\/h2>\n\n\n\n<p>Drake Software offers far more than basic tax preparation capabilities. By leveraging these five powerful features\u2014Tax Planner, DoubleCheck, Backup Options, Drake Documents, and Import\/Export tools tax professionals can significantly enhance their efficiency, accuracy, and client service.<\/p>\n\n\n\n<p>For those looking to further optimize their Drake Software experience, cloud hosting provides additional benefits in terms of accessibility, security, and collaboration. If your firm also prepares returns in <a href=\"https:\/\/verito.com\/lacerte-software-hosting\" target=\"_blank\" rel=\"dofollow\" >Lacerte<\/a>, it delivers the same secure, remote access model. Teams on <a href=\"https:\/\/verito.com\/proseries-tax-software-hosting\" target=\"_blank\" rel=\"dofollow\" >ProSeries<\/a> can adopt the hosting for consistent access across offices. As tax regulations and client expectations continue to evolve, making full use of these advanced features can help your practice stay competitive and efficient.<\/p>\n\n\n\n<p>To learn more about optimizing your Drake Software implementation or exploring cloud hosting options, contact a specialized provider who understands the unique needs of tax and accounting professionals.<\/p>\n","protected":false},"excerpt":{"rendered":"5 Powerful Features of Drake Software You Might Not Know | 2026 Update Drake Software has become a&hellip;\n","protected":false},"author":5,"featured_media":783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-782","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tax-software-hosting"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>5 Powerful Drake Software Features - You Might Not Know | 2026 Update<\/title>\n<meta name=\"description\" content=\"Unlike local system installation, Drake software, when hosted on cloud, can give you the benefit of remote access &amp; enhanced data security.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/verito.com\/blog\/drake-software-features\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Powerful Drake Software Features - You Might Not Know | 2026 Update\" \/>\n<meta property=\"og:description\" content=\"5 Powerful Features of Drake Software You Might Not Know | 2026 Update Drake Software has become a cornerstone solution for tax professionals, winning\" \/>\n<meta property=\"og:url\" content=\"https:\/\/verito.com\/blog\/drake-software-features\/\" \/>\n<meta property=\"og:site_name\" content=\"Verito Technologies | Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-04T09:34:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-14T08:13:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/verito.com\/blog\/wp-content\/uploads\/2021\/10\/Drake-Software-Features.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jatin Narang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jatin Narang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"5 Powerful Drake Software Features - You Might Not Know | 2026 Update","description":"Unlike local system installation, Drake software, when hosted on cloud, can give you the benefit of remote access & enhanced data security.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/verito.com\/blog\/drake-software-features\/","og_locale":"en_US","og_type":"article","og_title":"5 Powerful Drake Software Features - You Might Not Know | 2026 Update","og_description":"5 Powerful Features of Drake Software You Might Not Know | 2026 Update Drake Software has become a cornerstone solution for tax professionals, winning","og_url":"https:\/\/verito.com\/blog\/drake-software-features\/","og_site_name":"Verito Technologies | Blog","article_published_time":"2021-10-04T09:34:01+00:00","article_modified_time":"2026-09-14T08:13:31+00:00","og_image":[{"width":1000,"height":500,"url":"https:\/\/verito.com\/blog\/wp-content\/uploads\/2021\/10\/Drake-Software-Features.png","type":"image\/png"}],"author":"Jatin Narang","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jatin Narang","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/verito.com\/blog\/drake-software-features\/#article","isPartOf":{"@id":"https:\/\/verito.com\/blog\/drake-software-features\/"},"author":{"name":"Jatin Narang","@id":"https:\/\/verito.com\/blog\/#\/schema\/person\/edfd3753d18b73b27fc252ba820eeef4"},"headline":"5 Powerful Drake Software Features &#8211; 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