User's Manual - Drake Software

Prior-Year Updates
Drake Software User’s Manual
Updating Client Files
By default, the following information is brought forward from the prior year:
• names and addresses • depreciation • ages
• filing statuses • occupations • dependent names
• business names • installment sales • ID numbers
You have the option of selecting other data to bring forward when you update client
files, as explained in the following sections.
NOTE
To ensure that files are updated according to your clients’ needs,
update returns individually as you meet with your clients. Drake does
not recommend updating all returns in a package at once.
Update
Returns
Individually
To update an individual return:
1. Open the return in Drake 2012. An Individual Update Options dialog box lists
all options for updating (Figure 4-2).
Figure 4-2: Individual Update Options box
2. (optional) Select additional items to update. (Click Select All to choose all items.)
3. Click Update 1040.
Once updated, the return is shown in the Data Entry Menu.
78 Tax Year 2012