Accounting Seed
Accounting Seed is a flexible, full-accrual accounting software built on the Salesforce platform that connects your financial data with your sales and operations for a single source of truth.
Drake Tax
Drake Tax is a professional tax preparation software designed to help small to mid-sized accounting firms manage federal and state returns with integrated e-filing and practice management tools.
Quick Comparison
| Feature | Accounting Seed | Drake Tax |
|---|---|---|
| Website | accountingseed.com | drakesoftware.com |
| Pricing Model | Custom | Subscription |
| Starting Price | Custom Pricing | $99/month |
| FREE Trial | ✘ No free trial | ✓ 0 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2008 | 1977 |
| Headquarters | Columbia, USA | Franklin, USA |
Overview
Accounting Seed
Accounting Seed is a comprehensive financial management solution built directly on the Salesforce platform. You can manage your entire business lifecycle, from marketing and sales to billing and financial reporting, all within a single environment. By eliminating the need for complex integrations between your CRM and your books, you gain real-time visibility into your profitability and cash flow without manual data entry.
You can easily customize the platform to match your specific business processes using clicks, not code. Whether you need to automate recurring invoices, manage complex project accounting, or handle multi-entity consolidations, the software adapts to your requirements. It is designed for small to mid-market companies that already use Salesforce and want to bring their back-office operations into their existing cloud ecosystem.
Drake Tax
Drake Tax provides you with a comprehensive suite of tools to handle federal and state tax returns for individuals and businesses. You can speed up your workflow using the built-in data entry shortcuts and automatic calculations that minimize manual errors. The platform includes integrated e-filing, allowing you to track the status of every return from transmission to IRS acceptance in real-time.
Beyond simple tax prep, you can manage your entire practice with included tools for document storage and client write-ups. The software is designed specifically for professional tax preparers who need a reliable, high-volume solution without the per-form costs found in other professional suites. You can choose between unlimited filing versions or pay-per-return options depending on your firm's specific volume and budget requirements.
Overview
Accounting Seed Features
- Automated Billing Generate invoices directly from Salesforce opportunities or cases to accelerate your quote-to-cash cycle and reduce manual errors.
- Project Accounting Track project profitability in real-time by linking labor costs, expenses, and billings directly to specific projects and tasks.
- Bank Integration Connect your bank accounts to automate reconciliations and clear transactions faster with smart matching technology.
- Multi-Entity Support Manage multiple companies, currencies, and global consolidations within a single interface while maintaining separate ledgers for each.
- Custom Financial Reports Build your own financial statements and management reports using the familiar Salesforce report builder and dashboard tools.
- Inventory Management Track stock levels, manage warehouses, and automate your order fulfillment process alongside your financial records.
Drake Tax Features
- Lookback Tools. View prior-year data instantly while working on current returns to ensure consistency and catch missed deductions for your clients.
- Automatic Calculations. Update your tax results instantly as you enter data, with the software automatically choosing the most beneficial filing status.
- Integrated E-filing. Submit federal and state returns directly to the IRS and track their acceptance status without leaving the application.
- Drake Documents. Store and organize your client's tax records electronically to maintain a paperless office and meet record-keeping requirements.
- Multi-State Returns. Generate and file multiple state returns simultaneously, with data flowing automatically from the federal return to save you time.
- Tax Planner. Compare different financial scenarios for your clients to help them minimize their future tax liabilities and plan effectively.
Pricing Comparison
Accounting Seed Pricing
Drake Tax Pricing
- Includes 15 tax returns
- Additional returns for $30 each
- All tax packages included
- Integrated e-filing
- Drake Documents and Scheduler
- Free online training
- Everything in Pay-Per-Return, plus:
- Unlimited individual returns
- Unlimited business returns
- Unlimited state returns
- Drake Tax Planner
- No per-return fees
Pros & Cons
Accounting Seed
Pros
- Seamless data flow between sales and accounting teams
- Highly customizable to fit unique business workflows
- Eliminates the need for external third-party integrations
- Familiar interface for existing Salesforce users
- Strong audit trails and financial control features
Cons
- Requires an existing Salesforce subscription to operate
- Significant learning curve for non-Salesforce users
- Implementation often requires a certified consultant
- Pricing is high for very small businesses
Drake Tax
Pros
- Fast data entry with keyboard-driven shortcuts
- Excellent customer support with short wait times
- All-in-one pricing includes all states and forms
- Reliable performance even during peak filing dates
Cons
- Interface looks dated compared to modern web apps
- Learning curve for navigating complex form trees
- Limited cloud-based features in the desktop version