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Prior-Year UpdatesDrake Software User’s ManualUpdating Settings4. Wait for the program to finish scanning the files. (This update takes about oneminute for every 2,000 client files.)5. Click Exit.The program searches the indexes for existing data whenever an employer is entered.Apply your firm’s 2007 software settings to the 2008 program to save preseason preparationtime. Once the settings are brought forward for the year, they can be individuallyadjusted.IMPORTANTSelecting a previously updated item can cause a loss of currentyeardata.To update settings from 2007:1. Open the 2008 version of the program.2. Go to Last Year Data > Update Settings 2007 to 2008 to open the Update Settingsdialog box.Figure 4-4: Update Settings dialog box3. Select the drive that stores the 2007 data to bring forward.70 Tax Year 2008