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Notes to the accounts are the additional information and explanations that accompany the financial statements. They provide more details and clarity about the items, amounts, and transactions reported in the balance sheet, income statement, statement of changes in equity, and cash flow statement.

Footnotes are notes indicated in your text with numbers and placed at the bottom of the page. They're used to provide: Citations (e.g., in Chicago notes and bibliography) Additional information that would disrupt the flow of the main text.

The footnotes describe in detail the practices and reporting policies of the company's accounting methods and disclose additional information that can't be shown in the statements themselves.

The footnotes to your company's financial statements give investors and lenders insight into account balances, accounting practices and potential risk factors ? knowledge that's vital to making well-informed business and investment decisions.

Comprehensive footnote disclosures, which are found at the end of reviewed and audited financial statements, provide valuable insight into a company's operations. Unfortunately, most people don't take the time to read footnotes in full, causing them to overlook key details.

Footnotes are notes indicated in your text with numbers and placed at the bottom of the page. They're used to provide: Citations (e.g., in Chicago notes and bibliography) Additional information that would disrupt the flow of the main text.

The exact nature of these footnotes varies, depending upon the accounting framework used to construct the financial statements (such as GAAP or IFRS). Footnotes are an integral part of the financial statements, so you must issue them to users along with the financial statements.