Foundation Software Announces Enhancement to FOUNDATION for Windows Construction Accounting Software Specific to Washington State Contractors

Feature Designed to Meet Requirements of Contractors That Perform Work in the State of Washington

CLEVELAND—(BUSINESS WIRE)—Oct. 15, 2004— Cleveland-based construction accounting software developer Foundation Software has recently released an enhancement to their construction accounting software, FOUNDATION(R) for Windows(R). The feature was developed to meet the requirements faced by construction companies who perform work in the state of Washington.

The state of Washington allows employers to deduct a portion of Workers' Compensation premiums from employees' pay. The latest release of FOUNDATION for Windows has been enhanced to easily accommodate this allowance and automatically calculate and report these Workers' Compensation deductions.

This enhancement makes it easy for contractors to calculate the deduction percentage for employees who work under several different workers' compensation classes each week, regardless of the varying dollar amounts assigned to the class.

"The addition of this feature is just another example of how we work together with our clients," said Fred Ode, CEO/Chairman of Foundation Software. "Contractors in different states often face special requirements or state-mandated regulations. As an author and developer, it is our responsibility to provide the features that meet these unique needs so that our construction clients can further simplify their accounting processes."

Foundation Software is committed to the continued enhancement of FOUNDATION for Windows construction accounting software along with the development of new productivity tools for the construction industry. Additional enhancements and new programs are scheduled for release through the remainder of 2004.

About Foundation Software, Inc.(TM) - Since 1985, Foundation Software has assisted thousands of labor-intensive construction contractors with their accounting and financial software management needs. The #1 accounting software for labor-intensive contractors, FOUNDATION for Windows is a 32-bit Windows system with a Microsoft(R) SQL Server database which allows powerful flexibility and security. FOUNDATION for Windows is ideal for a wide range of construction trades. For information, visit us online at www.foundationsoft.com or call (800) 246-0800.



Contact:
Foundation Software, Inc.
Tracie Kuczkowski, 800-246-0800, ext 222  

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