Compare QuickBooks and Drake Software - Jan 2023

Shlomi LaviShlomi Lavi / Jan 25, 2023

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Bottom Line: Which is Better - QuickBooks or Drake Software?

Drake Software is more expensive to implement (TCO) than QuickBooks, and QuickBooks is rated higher (87/100) than Drake Software (86/100). QuickBooks offers users more features (15) than Drake Software (3). There is a clear winner in this case and it is QuickBooks!

Looking for the right Core Accounting solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Intuit Vs. Drake Software

Intuit: Intuit Inc. is an American company that develops financial and tax preparation software and related services for small businesses, accountants and individuals. Build Your Business w/ Intuit. Get QuickBooks Accounting Software, a Free Website Builder, Credit Card Processing & Payroll Services. NEW: Pay by Mobile! 

Drake Software: For 37 years, Drake Software has provided tax professionals the tools they need to build their businesses and attract new clients. A steady focus on value, consistent excellence in federal and state programming, and free electronic filing makes Drake a smart choice for professional tax software.

Who is more expensive? QuickBooks or Drake Software?

The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for QuickBooks and Drake Software.

QuickBooks price starts at $15 per month , On a scale between 1 to 10 QuickBooks is rated 2, which is much lower than the average cost of Core Accounting software. Drake Software price starts at $330 per year , When comparing Drake Software to its competitors, the software is rated 4 - lower than the average Core Accounting software cost.

Bottom line: Drake Software is more expensive than QuickBooks.

Which software includes more/better features?

We've compared QuickBooks Vs. Drake Software based on some of the most important and required Core Accounting features.

QuickBooks: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing, Check Printing, Credit Card Processing, General-Ledger.

Drake Software: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

QuickBooks Premier 2014 was designed for use by every type of business. and Drake Software's target customer size include: Medium and large size businesses.



QuickBooks

ITQlick rating
(5/5)

starts at $15 per month

Quickbooks is a cloud-based accounting software designed for self-employed and small businesses. The solution helps the user manage all their finances with either an online version or licensed.

Categories: Accounting & Finance, Billing & Invoicing, Core Accounting, Medical Accounting.

Drake Software

ITQlick rating
(4.9/5)

starts at $330 per year

Drake software is a cloud-based and an on-premise professional tax management solution that is specifically made for small and medium-sized accounting firms. The solution enables the users to prepare any form o...

Categories: Business tax.

Compare specifications

Compare features

QuickBooks: 15 Features

Accounts Payable
Accounts Receivable
Audit Trail
Balance Sheet
Billing & Invoicing
Check Printing
Credit Card Processing
General-Ledger
P&L Statement
Purchase Orders
Sales Reporting
Time & Expense
Invoice Scheduling
Invoice Templates
Time and Expense Tracking

Drake Software: 3 Features

Data Import/Export
Basic Reports
Online Customer Support
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), 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 score
Software review
Compare
QuickBooks
ITQlick rating
5/5
Score
87/100
Pricing
3.2/10
License pricing
$15 per month
Functionality
20
Compare
Drake So...
ITQlick rating
4.9/5
Score
86/100
Pricing
5.8/10
License pricing
$330 per year
Functionality
4
QuickBoo...
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9

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.