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Positive pay is the leading method of check fraud deterrence available today. Ëe positive pay process entails a daily reconcilement of a company's issued checks to checks presented for payment to First American Bank to identify potentially fraudulent checks.
Finally, we paid $4 of accounts payable off. This account did not touch the I/S therefore we have to subtract out $4 to reflect the actual cash flow. Cash flows can be pretty confusing, but as you can see from above it is possible to have positive net income, but negative cash flow. That is why it is important to rely on all the financial statements when making decisions or analyzing companies.