User's Manual - Drake Software

Drake Software User’s Manual
Preparing to Offer Bank Products
TIP
Click Help on the EOM website to view the EOM tutorial or download
the EOM manual. These resources provide information on managing
your accounts, applications, sub-offices, fee overrides, and other
options available through the EOM.
Applying for
a Bank
In the procedure that follows, note that completing bank applications for single-office
sites is slightly different from the procedure for multi-office sites.
To access and complete a banking application:
1. Access the EOM website in one of two ways:
• On the Drake Support website (Support.DrakeSoftware.com), select My
Account > Bank Application.
• Go directly to the EOM website (eom.1040.com).
2. Enter your EFIN and Drake password and click Sign In.
NOTE
If you are a single-office site and this is your first visit, select Account
Information from the menu, complete the Company Information
fields, and click Save before proceeding. It’s a good idea to review this
information each time you log in to the EOM.
3. (multi-office sites only) Follow the instructions on the “Recommended First
Steps” page that is displayed, clicking one of the gray boxes to complete each
step. When finished, mark the I’ve completed all relevant steps check box and
click Continue. (This page is not displayed for single-office sites.)
4. Select Bank Application from the menu of the EOM home page. A Bank Application
drop list appears.
5. Select a bank from the drop list. The application for that bank is displayed.
6. Complete the application. (If you’re unable to complete the application in a single
sitting, or if you want to come back and review the application later before submitting
it, you can click Save and Finish Later.)
7. Click Submit Completed Application. Once you have submitted the application,
Drake forwards it to the appropriate bank.
NOTES
To import your banking information directly from your Drake bank application,
see “Firm Setup” on page 12.
If offering e-Collect or the E1 Card program, go to epsfinancial.net to
access and download additional information. Program participants must
complete compliance training through the EPS website.
Republic Bank also requires compliance training through its website
(republicrefund.com).
Checking
Application
Status
To check the status of your application, log in to the EOM website and select Bank
Application from the menu. The Application Status appears in the box at the top of
the page.
CAUTION
Making changes to an application and resubmitting it can change its
status.
Tax Year 2012 217