Is this poison ivy?
That's Indian Strawberry all right. It produces fake strawberries that are not edible (don't try) covered with seeds on the outside so they can fall off more easily. The yellow flowers come first. Don't let it go to seed!
It slows growth during drought and heat of summer, but will speed up growth again in the cool moist fall and send out more runners. Pull it up whenever you see it. Be sure to get all the tiny daughter plants attached to runners. They look like they wouldn't survive without the mother plant--but they will.