Basic financial statements consist of a balance sheet, a profit and loss account, and notes to the financial statements. Each of the above reports is equally important for the business of each company, and each of them provides different information. What all reports have in common is that they should provide a true and fair view of the business. Based on the report, different analyses are made, and different business decisions and conclusions are drawn. Notes to the balance sheet and profit and loss account are reports that should explain specific positions within the balance sheet and profit and loss account. Due the fact that the content and appearance of the notes to the financial statements are not prescribed by law, each company adapts the report to itself and presents in it the information it considers important for understanding its operations. In this paper, the notes to the financial statements for 30 companies from the wholesale and retail trade, 15 micro companies, and 15 small companies were analyzed, and an analysis of their content and quality was made.