Accounts Payable Services & AP Automation Providers in Princeton Junction, NJ

Overview

Princeton Business Consulting, commonly known as PBC, is an accounting and advisory firm based in Princeton Junction, New Jersey. Certified public accountants who previously worked at Big 4 firms started the company. Their goal is to give clients that level of expertise for much less than large consulting firms usually charge. PBC works with small and mid-sized businesses that need routine finance support. It also works with public and pre-IPO companies that have complex reporting requirements.

Accounts Payable and Transaction Processing

Accounts payable and invoice processing are among PBC's core outsourced services. The firm also handles related back-office work that keeps vendor balances accurate and up to date. Because these services come as one outsourced accounting package, a company can hand off payables and nearby tasks to a single provider instead of hiring several. Relevant services include:

• Accounts payable management
• Invoice processing
• Account reconciliation
• Bookkeeping and data entry
• Accounts receivable support
• Payroll management
• Financial reporting, budgeting and forecasting

PBC is not an AP software vendor. It works inside common cloud accounting platforms and has dedicated service pages for Xero, QuickBooks, Zoho and FreshBooks. This suits organizations that want to keep their current system and add skilled staff to run payables on it.

Delivery Model

PBC's offshore setup sets it apart. Its client-facing base is in New Jersey, but much of the processing work is done at a shared delivery center in Nairobi, Kenya. Most large firms send repetitive work to India instead. PBC says Nairobi gives it access to an underused pool of talent at moderate rates.

It also says U.S. and East African working hours overlap for part of the day, so both teams can work together without odd schedules. The firm focuses on remote collaboration. It also supplies temporary remote staff to cover for illness, resignations or vacations, which can help when an AP team is suddenly short of people.

Advisory and Technical Accounting

PBC also takes on higher-level engagements. It supports SEC filings such as annual 10-K, quarterly 10-Q and current 8-K reports. It also provides audit and quarterly review support, helps companies answer SEC comment letters and prepares private firms for an IPO. Its technical accounting team helps companies adopt newer standards, including ASC 606, ASC 842 and CECL under ASC 326.

This work includes writing accounting memos and preparing work papers for external auditors. In mergers and acquisitions, the firm advises both buyers and sellers, preparing carve-out financial statements and memos for ASC 805 business combinations. It also scopes, tests and fixes internal controls for SOX compliance.

Other services include tax compliance and research, representation during tax audits, virtual CFO services, KPI reporting, ratio analysis and project analysis.

Industries Served

PBC offers accounting services tailored to healthcare, real estate, legal, hospitality, media and marketing, and ecommerce businesses. Companies in these sectors can get payables processing, reconciliation and reporting from one provider. Its staff also have public accounting and SEC experience. That may appeal to buyers who expect their finance needs to become more complex as they grow.