AR shows the accounts receivable balance of customer invoices in the standard
31 - 60 Days
61 - 90 Days
91 - 120 Days
Each date range can be drilled down on to show the customer name and details.
Total, Paid, Due, and Due %. Each drill down screen can be exported as a .csv or
Concentration ratio shows you the value out of 1 that your accounts receivable is concentrated. The highest possible value is A value of 1 would indicate there is only 1 customer in the law firm.
Generally speaking, only having a few clients means there is a risk that the law firm can lose a significant portion of its revenue at any given time.
Diversity index is the inverse of concentration ratio. The high the number in the diversity index. The more customers the law firm has.
Generally speaking, the more customers in a law firm, the lower the risk of losing a large portion of the law firm’s revenue when a client leaves.