Reclaim Your Financial Confidence With FOSS Business Solutions

Located in Cleveland, OH, FOSS Business Solutions is an outsourced, virtual bookkeeping and accounting department for small businesses. With clients stretching from Indianapolis, IN, to Pittsburgh, PA, FOSS Business Solutions has developed the back-office accounting infrastructure and tools needed to support any small business.
  

Our systems and processes are a budget-friendly option for small businesses and provide established best practices in financial leadership and oversight. Cloud-based accounting and bookkeeping allow us to quickly meet client demands while maintaining accuracy with automated solutions.


Our Mission

To be a virtual accounting department that provides financial confidence and creative solutions to strengthen our small business clients;

To create a family-first workplace of shared success where employees are respected for their skills, integrity, and pride in their work;

To constantly seek new opportunities to ‘wow’ our clients with service and responsiveness.

 

Our Team

Mike Foss 

Founder and President

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. In his free time, Mike enjoys fishing, camping, and hitting the bike trails with his wife and three sons.

Michael Foss, M.B.A., is founder and president of FOSS Business Solutions, a managed cloud accounting and virtual bookkeeping firm for small businesses.

Mike received his M.B.A. from Cleveland State University and B.S from Slippery Rock University in Pennsylvania. Mike’s career has spanned multiple industries, including Sport Management, Stadium Operations, Entertainment, Event Management, Technology, Automotive, Internet, Retail, Restaurant, and Business Services.

With over 20 years of experience working with hundreds of small businesses in various industries, Mike has developed an expertise for the unique, dynamic needs of companies in transition with revenues up to $25M. Mike has experience leading transitional environments such as turnarounds, startups, rapid growth, acquisitions, downsizing, divestures, and outsourcing. In these environments, Mike has successfully provided financial management, budgeting and control, accounting and reporting, human resources, IT, insurance, and contract negotiation. He has a successful history of having a positive impact on growth, profitability, cash flow and working capital management with his proven methods.

In his free time, Mike can be found traveling with his family or coaching baseball and football for his three sons.

Connect with Mike on LinkedIn

Jennifer Hernan

Controller

As Controller for FOSS Business Solutions, Jennifer is responsible for managing work flows and overseeing virtual bookkeeping operations.

In addition to day-to-day accounting activities for clients, Jennifer provides quality control for financial reporting for clients, and assists clients with cloud accounting integrations.

Jennifer earned her Bachelor’s degree from Cleveland State University and her Professional Bookkeeper and QuickBooks Specialist designations from The Universal Accounting Center.

For more than 15 years, Jennifer has provided expert accounting services to clients as diverse as restaurants, real estate companies, and manufacturing companies. Jennifer has worked in a variety of accounting and finance roles, starting as an accounting clerk, and eventually moving into Senior Accountant and Controller.

Clients benefit from her many years of QuickBooks experience, she provides them with the expertise in setting up company files as well as training business owners and their staff on how to use the system in order to get their desired results.

In her free time, she enjoys spending time with her family, shopping, and during the football season, watching her all-time favorite team, The Cleveland Browns.

Connect with Jennifer on LinkedIn →