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.
Sage Intacct
Sage Intacct is a cloud-based financial management software providing automated accounting workflows, real-time multidimensional reporting, and scalable financial oversight to help mid-sized organizations improve their operational efficiency and visibility.
Quick Comparison
| Feature | Drake Tax | Sage Intacct |
|---|---|---|
| Website | drakesoftware.com | sage.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $99/month | Custom Pricing |
| FREE Trial | ✓ 0 days free trial | ✘ No 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 | 1977 | 1999 |
| Headquarters | Franklin, USA | San Jose, USA |
Overview
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.
Sage Intacct
Sage Intacct is a cloud-native financial management platform designed to handle complex accounting needs without the overhead of traditional ERP systems. You can automate core financial processes like accounts payable, accounts receivable, and general ledger entries, which reduces manual data entry and minimizes errors. The platform allows you to track financial and operational data across multiple locations or entities, giving you a consolidated view of your entire business in real-time.
You can customize your experience with industry-specific modules for nonprofits, healthcare, construction, and professional services. By using multidimensional reporting, you can slice and dice your financial data by project, department, or location without managing a complex chart of accounts. It is built to scale with your growing business, ensuring your financial infrastructure remains stable as you expand into new markets or increase transaction volumes.
Overview
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.
Sage Intacct Features
- Core Accounting. Automate your general ledger, accounts payable, and accounts receivable to close your books faster every month.
- Dimension-Based Reporting. Analyze your business performance by department, location, or project without adding complexity to your chart of accounts.
- Multi-Entity Management. Consolidate financials across multiple locations and currencies automatically to see your global standing in seconds.
- Automated Billing. Manage complex revenue recognition and subscription billing cycles to ensure your cash flow remains steady and predictable.
- Interactive Dashboards. View real-time financial and operational metrics on customizable dashboards to make faster, data-driven business decisions.
- Project Accounting. Track project costs and profitability in real-time to ensure your resources are allocated to the right initiatives.
- Purchasing Automation. Streamline your procurement process with automated approval workflows that keep your spending within budget limits.
- Inventory Management. Track stock levels across multiple locations and automate replenishment to reduce carrying costs and avoid stockouts.
Pricing Comparison
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
Sage Intacct Pricing
Pros & Cons
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
Sage Intacct
Pros
- Powerful multidimensional reporting eliminates complex charts of accounts
- Excellent multi-entity consolidation for growing organizations
- Highly customizable dashboards for real-time visibility
- Strong integration capabilities with Salesforce and other tools
- Automated workflows significantly reduce monthly close times
Cons
- Steep learning curve for non-technical accounting staff
- Implementation process requires significant time and planning
- Reporting engine can be complex to master initially
- Higher price point compared to entry-level accounting tools