User's Manual - Drake Software

Using Bank Screens in Data Entry
Drake Software User’s Manual
Using Bank Screens in Data Entry
Select Product
Identification
The Drake program has a separate screen for each of Drake’s banking partners. While
the bank screens have certain fields in common, each bank screen is unique. Become
familiar with the screen for the bank you are using. Use the available help resources to
ensure that all required information is entered for each taxpayer with bank products.
Described here are the fields that are found on most bank screens in Drake, and vary
from bank to bank.
If a bank offers multiple products, the screen for that bank includes a product selection
section in the upper-left corner. Click a product box to select it. If adding a state bank
product, select the state.
Each screen has one or more sections for entering and verifying the taxpayer’s identification.
The address fields are overrides; if an address is entered on screen 1, you do
not have to enter it again on the bank screen. Some fields require the taxpayer and
spouse to produce one or more forms of ID (driver’s license, passport, etc.), and the
preparer to enter information from these IDs on the screen. Identification information
is required and must be entered before the return can be transmitted and bank product
accepted.
NOTES
If the taxpayer’s address differs from the one entered on screen 1, or if
the screen 1 address is a P.O. box, enter a physical address on the
bank screen to help avoid delays in processing the application.
(To scan copies of the IDs into the Drake Document Manager, see
“Working With Files in the DDM” on page 309.)
Prep Fee Override Field
Tax preparation fees are calculated from fees established in Setup > Pricing and can
be overridden from both screen 1 and the BILL screen. Use the Tax preparation fees
override field on your bank screen to override the fee amount that is to be withheld
from the bank product. (Figure 7-4)
Figure 7-4: Overriding the Tax preparation fees from the bank screen.
Additional Disbursement Methods
Each Drake bank partner offers more than one disbursement method or product offering,
and those selections are reflected on the various bank screens. If a taxpayer
wishes to have the proceeds of the bank product deposited into an account rather than
distributed as a check or card, enter the banking information in the proper section of
220 Tax Year 2012