Drake Software - Top Competitors (Apr 2022)

Drake Software Review
ITQlick Score: 86/100
ITQlick Rating:
Pricing: 5.8/10 - average cost
Category: Business tax -> Drake Software review -> Drake Software competitors
Ranking:Ranked 6 out of 65 Business tax systems
Company: Drake Software
Pricing: starts at $330 per year
Typical customers: Medium and large size businesses
Platforms: Desktop
Links: Drake Software review, Drake Software pricing guide
Shlomi LaviShlomi Lavi / updated: Apr 12, 2022

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Drake Software vs. Alternatives in 2024

The two main competitors of Drake software include TradeLog and SimpleTax Canada. TradeLog software is an on-premise accounting platform explicitly made to serve active traders, accountants, and CPAs, and investors to ensure IRS compliance whereas Drake software is a cloud-based and an on-premise professional tax management solution.

Drake software is made for small and middle size businesses while TradeLog software is intended to serve individuals and small businesses. Cogenta Computing Company makes TradeLog software, but in comparison, Drake software is a product of Drake Software Company.

Drake software is available on the web, cloud, and SaaS while TradeLog is installed on Windows. SimpleTax Canada software is an online tax preparation platform made exclusively for Canadian provinces & territories whereas Drake software is a cloud-based and an on-premise professional tax management solution made in the US.

Drake software is ideal for small and medium-sized accounting firms while SimpleTax Canada is most suitable for freelancers. SimpleTax Canada is a product of SimpleTax Company, but in comparison, Drake software is a product of Drake Software Company. They both support Windows, Linux, iPhone/iPad, Mac, and Web-based platforms.

Drake Software alternatives - for small & large Business

Here are the top 4 alternatives to Drake Software that are worth checking out: TurboTax State for SMBs, GainsKeeper for large size business, Tax Software for growing companies, and 1040-com Simple Free for low budget organizations.

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality
Review
Compare
Drake So...
ITQlick rating
4.9/5
Score
86/100
Pricing
5.8/10
License pricing
$330 per year
Functionality
4
Best for SMBs
TurboTax
ITQlick rating
4/5
Score
94/100
Pricing
3.6/10
License pricing
$60 per license
Functionality
7
Best for Enterprise
GainsKeeper
ITQlick rating
3.4/5
Score
92/100
Pricing
6.4/10
License pricing
$69 per month
Functionality
7
Growing
Tax Soft...
ITQlick rating
4.1/5
Score
81/100
Pricing
3.8/10
License pricing
$600 per month
Functionality
4
Compare
Free version
1040-com...
ITQlick rating
4.8/5
Score
62/100
Pricing
6.6/10
License pricing
$25 per license
Functionality
4

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.