Which of the following tasks is typically part of the Accounts Payable process?

The task that is typically part of the Accounts Payable process is Supplier Invoice Management. This aspect is essential because the Accounts Payable (AP) function primarily deals with managing a company’s obligations to suppliers or vendors for goods and services received. Supplier Invoice Management involves the receipt, review, processing, and payment of invoices from suppliers. It ensures that invoices align with purchase orders and that payments are made in accordance with agreed terms.

This task also encompasses handling disputes regarding invoices and maintaining records that can be referenced for audit and reconciliation purposes. Supplier Invoice Management is critical for ensuring that the company's cash flow is managed effectively, as well as maintaining positive supplier relationships by ensuring timely payments.

In contrast, payroll processing typically falls under human resources, bank reconciliation is part of cash management, and asset management deals with the oversight and maintenance of a company's assets, not directly related to the accounts payable function.