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In addition to providing you with a method of fraud prevention on your account, the positive pay system can also double as a reconciliation tool. As a result of you providing the bank with a list of issued checks, the bank is able to generate month-end reports that can aid with the reconciliation process.
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.