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Accounts receivable, net
 6 Months Ended
Jun. 30, 2024
Credit Loss [Abstract]  
Accounts receivable, net

Note 5 – Accounts receivable, net

 

Accounts receivable, net consist of the following:

 

   December 31, 2023   June 30, 2024   Jue 30, 2024 
   SGD   SGD   USD 
Accounts receivable                        590,691    570,038    420,630 
Less: Allowance for expected credit losses   (9,802)   (9,802)   (7,233)
Total accounts receivable, net   580,889    560,236    413,397 

 

Movements of allowance for expected credit losses accounts are as follows:

 

   December 31, 2023   June 30, 2024   June 30, 2024 
   SGD   SGD   USD 
Allowance for expected credit losses, beginning balance                            9,102    9,802    7,233 
Addition   7,619    -    - 
Write-off / recovery   (6,919)   -    - 
Allowance for expected credit losses, ending balance   9,802    9,802    7,233 

 

As of the end of each of the financial year, the aging analysis of accounts receivable, net of allowance for expected credit losses accounts, based on the invoice date is as follows:

 

   December 31, 2023   June 30, 2024   June 30, 2024 
   SGD   SGD   USD 
Within 30 days                        521,337    515,061    380,063 
Between 31 and 60 days   5,698    25,979    19,170 
Between 61 and 90 days   10,405    4,733    3,492 
More than 90 days   43,449    14,463    10,672 
Total accounts receivable, net   580,889    560,236    413,397