The FOSS Crew Raises Funds to Find Cures for Childhood Cancer

The FOSS Crew Raises Funds to Find Cures for Childhood Cancer

The FOSS Crew Raises Funds to Find Cures for Childhood Cancer.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Proud to Support Toys for Tots

Proud to Support Toys for Tots

If you have plans to stop by our offices by December 15th, we encourage you to donate a new, unwrapped toy at our Toys for Tots drop-off point.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

FOSS Celebrates 4 Years: What We’ve Learned

FOSS Celebrates 4 Years: What We’ve Learned

Reflecting back on the first four years of FOSS Business Solutions, here are four things I’ve learned…

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

CASE STUDY: It’s OK to Simplify Your Bookkeeping

CASE STUDY: It’s OK to Simplify Your Bookkeeping

FOSS Business Solutions found that the business owner was entering too much data into QuickBooks. Here's how we helped.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

A Q4 Financial Checklist for Small Business Owners

A Q4 Financial Checklist for Small Business Owners

It’s almost 2017, do you have a year-end financial plan? This handy checklist will keep you on task.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

CASE STUDY: How a Small Business Saved Time & Money with Cloud Accounting Technologies

CASE STUDY: How a Small Business Saved Time & Money with Cloud Accounting Technologies

Learn how we saved a client $1,500 a month by eliminating the need of paying for time-consuming manual data entry.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

FOSS Business Solutions launches internship program

FOSS Business Solutions launches internship program

We are pleased to announce the start of our internship program by welcoming Alee Sonkin to the team. 

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Adjusting to the New Overtime Pay Rules

Adjusting to the New Overtime Pay Rules

The U.S. Department of Labor recently decided to increase the weekly salary threshold under which salaried workers are eligible for overtime pay when they work more than 40 hours per week. 

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Generate More Billable Hours by Letting FOSS Handle Your Back Office

Generate More Billable Hours by Letting FOSS Handle Your Back Office

Too often, we see small law firms and solo practitioners spending costly hours handling administrative duties alone. 

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

FOSS Teams Up with Toys for Tots To Spread Joy This Holiday Season

FOSS Teams Up with Toys for Tots To Spread Joy This Holiday Season

If you have plans to stop by our offices by December 15th, we encourage you to donate a new, unwrapped toy at our Toys for Tots drop-off point.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Five Steps To Segregate Duties and Prevent Devastating Employee Theft

Five Steps To Segregate Duties and Prevent Devastating Employee Theft

By segregating duties and other proactive controls, your company can decrease the chance of harmful loss from internal theft. 

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

QuickBooks How To: Using Class Tracking to Organize Your Finances

QuickBooks How To: Using Class Tracking to Organize Your Finances

Using the class tracking feature provided by QuickBooks allows small business owners to organize transactions into classes, or categories, depending on the demands of the business and the areas that should be tracked.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Legal Billing and Bookkeeping Services by FOSS

Legal Billing and Bookkeeping Services by FOSS

We believe attorneys have more important ventures to focus on than accounting and time keeping. Here's why attorneys are looking to FOSS LEGAL for time and accounting services.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

QuickBooks How To: Setting Up Your Chart of Accounts

QuickBooks How To: Setting Up Your Chart of Accounts

The Chart of Accounts contains a complete list of your business's accounts and their balances. You use it to track how much money your company has, how much money it owes, how much money is coming in, and how much money is going out.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Nine Steps To Get Ahead With 2016 Financial Projections

Nine Steps To Get Ahead With 2016 Financial Projections

Discovering your profit potential and conducting business efficiently is made possible with a prudent business plan.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Transcending the Top 5 Myths of Cloud Hosting

Transcending the Top 5 Myths of Cloud Hosting

Choosing a reliable cloud to host your data presents a secure, flexible, and affordable alternative for companies to accomplish all of their small business needs.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Meet Our Team: Jennifer Hernan – Controller at FOSS Business Solutions

Meet Our Team: Jennifer Hernan – Controller at FOSS Business Solutions

For more than 10 years, Jennifer has provided expert accounting services to clients as diverse as restaurants, real estate companies, and manufacturing companies. 

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Speed Up and Simplify Your Accounting in Our Cloud

Speed Up and Simplify Your Accounting in Our Cloud

Introducing Accounts Payable and Bill Payment Services by FOSS. Save time, money, and enjoy paperless accounting. Here's how.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Seven Steps to Help Prevent Lapping

Seven Steps to Help Prevent Lapping

Lapping occurs when an employee pockets money from a sale, then uses funds from the next transaction to offset the negative balance. Could your company be a victim?

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com

Quickbooks How To: Keep Your Customer Follow-Ups and History in One Place using Method:CRM

Quickbooks How To: Keep Your Customer Follow-Ups and History in One Place using Method:CRM

Method:CRM is a top rated system that streamlines small business employees, vendors, customers, and prospective clients into one simple software. Check out these key components and benefits.

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com