Drake Tax Hosting On Cloud: How It Increases Your Billable Hours

Drake tax software on cloud simplifies and improves the process of tax filing returns. Your accounting and tax preparation team can focus on what is most important for your firm and leave the tax-related tasks to Drake Software.

Cloud-based Drake can help you prepare your 1040 returns online. Its super-flexible plans are ideal for a single user, multi-user businesses, and pay-as-you-go purchases. It keeps track of all tax returns and information regarding each tax filing.

The last tax season was one of the busiest in years, and very few accountants feel that they have received the correct compensation for their efforts. As tax season 2020 is approaching, it is time for CPA firms to update their pricing and services. And Drake cloud hosting can aid in this transition.

Drake tax software on cloud makes the tax season easy-breezy for CPA firms and individual accountants. Here’s how it can increases their billable hours as well -

Drake hosting on cloud boosts automation

Drake tax hosting increases the billable hours of an accountant or a firm.

It eliminates the need for installing the software updates and patches, and integration of add-ons on the local system to reduce the manual data entries.

So, the accountants can focus on their job of filing tax forms and returns, follow-up on client invoicing, complete the payment, and set up reports.

They have more time at hand that they can dedicate to their daily work. It is one of the simplest, yet most effective ways in which Drake Software hosting can increase the number of billable hours per accountant or for an entire firm.

The reduction of IT management and costs can directly contribute to higher profits during the tax season, as well as during the rest of the year.

Drake cloud hosting help organize your work effectively

With Drake on cloud, you can complete mundane and repetitive tasks by installing add-ons.

You can install one or more add-ons such as GruntWorx, SmartVault, and TicTie Calculate that can ease the tax filing process and helps in increasing the billable hours for professionals as well as for accounting firms.

It also enables you to keep track of the work you do for various clients. Since Drake tax software is compatible with MS Office, you should consider transforming your Outlook entries into time entries on the database.

Drake tax hosting on cloud eliminates the need for time-intensive manual entries and the inclusion of errors during the tax filing process. The converted entries can directly merge with the time tracker application/feature of Drake, calculate the billable hours and generate invoices for your clients.

Hosted Drake provides access to various features and applications

The multi-faceted tax software hosted on cloud extends numerous services to each user. The tax firm using Drake on cloud can access the database and saved client data from any place at any time. It offers ready-to-use templates for filing 706,709, 990, 1041, 1040, 1040NR, 1065, 1120, 1120S, and 1120H forms.

Drake Software hosted on cloud supports multiple functions, including tax filing, updating accounting records, preparing and updating transactions, performing detailed audits, track financial expenses, investments and documents. It arms the employees with a plethora of tools and software functions that enable them to expand their forte of expertise.

Your CPA firm and the employees can effectively add to their current number of billable hours by switching to a cloud-based tax calculation and filing system. Drake Software on cloud is effectively more than just another tax filing system since it can expand the horizon of services your CPA firm offers right now.

Drake Software on cloud already has usable templates and an info-rich user group

Drake tax software hosted on cloud already has huge support from a group of experienced accountants and CPA firm managers.

It supports transparent billing, and the generated invoice has complete information that avoids confusion on the part of the client. The use of a readymade but customizable template not only saves time but also establishes a standardized prototype for the firm that can avoid man-made mistakes.

Moreover, it expedites the billing and invoicing, so your firm can move from one task to another without wasting unnecessary time.

Why opt for Drake Software on cloud?

Drake tax software on cloud is highly flexible, user-friendly and cost-effective for small firms as well as the larger ones. Cloud-based infrastructure can add reliability, scalability and budget-friendliness to your tax practice. Using a streamlined tax software hosted on the cloud means streamlining the cash flow and monitoring all billable hours that your employees put in for the month or quarter.

Most of the reputable tax software providers take complete care of software updates and security patches. Therefore, they strive to remain compliant with data privacy laws and regulations, including the GDPR and CCPA (whichever applies to the clients’ data).

Opting for Drake tax software not only contributes directly to an increase in the number of billable hours, but also increases the likelihood of client satisfaction, and client retention.