Payroll Companies & Payroll Services in Liberty Lake, WA

InVantage3 is an outsourced bookkeeping and financial operations firm with an office in Liberty Lake, Washington, a short drive from Post Falls. The company is mostly known for its work with architecture, engineering and other professional services firms.

It also serves small businesses in many other fields, and it works with clients across the country, not just in the Pacific Northwest. Payroll management is one of its listed core services. It also offers payroll bundled with bookkeeping, which suits buyers who want both functions handled by one outside team.

Payroll and Financial Services

InVantage3 handles payroll as part of a wider back-office service rather than as a standalone payroll product. Businesses that hire the firm can combine payroll with other accounting work, including:

• Payroll management and combined bookkeeping-and-payroll packages
• Full-cycle monthly bookkeeping and account reconciliation
• Accounts payable and accounts receivable management
• Financial reporting, analysis and cash flow tracking
• Virtual CFO and advisory or consulting support
• Catch-up bookkeeping for records that have fallen behind
• Year-round upkeep so books are ready at tax time

Industries and Specialties

The firm's main focus is on businesses that bill by project. For architecture and engineering clients, it tracks work in progress, billing milestones, reimbursable costs and profit by project. It says firms close their books about 30 percent faster each month on average after onboarding. Beyond design firms, it works with consultants and freelancers, real estate and property management companies, hospitality and service businesses, and technology and creative agencies.

Software Expertise

A big part of what InVantage3 offers is deep knowledge of accounting software. The team works in Deltek Ajera, QuickBooks, Statera and Vantagepoint, and also lists Project First and Microsoft Dynamics SL. Besides keeping the books, it sets up and fine-tunes these systems, builds custom reports, improves work-in-progress tracking, and trains client staff. This can matter to buyers whose payroll data has to flow into project costing or job reports.

How They Work With Clients

Onboarding follows three stages. First, the team reviews the client's current systems, needs and goals. Next, it cleans up the books and sets up streamlined workflows. After that, it provides ongoing monthly support with regular reports and updates. Work is done remotely on secure, encrypted cloud platforms, and clients deal directly with staff who know their account. Service plans can be monthly, quarterly or full-service, and the firm says its pricing is transparent with no hidden fees.

Background

InVantage3 has more than 18 years of experience and says it has helped over 100 businesses improve their financial operations. It reports a client retention rate of around 90 percent, with clients typically staying eight to ten years or more. Client testimonials on its site come from architecture, engineering, IT services and government contracting firms.

For companies comparing payroll providers, InVantage3 fits best when payroll is one piece of a larger outsourced accounting relationship, especially for project-based firms already using Ajera or QuickBooks.