The Nonprofit Show

Nonprofit Spending Chaos? Track Every Dollar Without Losing Your Mind!


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If you've ever worked in a nonprofit and found yourself fronting expenses on your personal credit card, you're not alone—and you're definitely not doing it wrong. But there's a better way. Our host sat down with GiveFront.com , to unpack how nonprofits can modernize the way they manage spending, reimbursements, and financial oversight.

Founder of GiveFront, Matt Tengtrakool, brings a unique dual lens to the discussion: one from years of hands-on experience running and managing nonprofit finances, and another from building financial technology designed specifically for the sector. His message is clear—nonprofits deserve modern tools to track spending, reduce fraud risk, streamline compliance, and eliminate burdensome reimbursement systems.

He explains that many organizations still operate with a single credit card passed around among staff—a system ripe for errors, delays, and a lack of accountability. GiveFront provides an alternative: customizable, trackable virtual cards that make it easy for even volunteers to make approved purchases. “You want to allow people to spend for your organization, but you also want control,” Matt explains. “And having the systems set up from the start is extremely important.”

The conversation covers common friction points between program teams and finance departments, shedding light on how better spend management can actually strengthen relationships across departments. Host Julia Patrick and Matt explore the psychological side of transparency, the real costs of missing receipts, and the ripple effects of poor policy enforcement.

Matt also shares how sales tax refunds—often ignored due to their complexity—can recapture up to 10% of an organization’s spending. With GiveFront’s built-in tools, nonprofits in states like North Carolina and Utah can automatically generate sales tax refund documentation without drowning in paperwork.

The episode wraps with practical advice: adopt a spend management platform, train your team on internal financial policies, and revisit those policies regularly. Because managing money well isn’t just about spreadsheets—it’s about trust, clarity, and making sure every dollar does the most good.

 00:00:00 Introduction and Matt’s background
 00:01:27 Why reimbursements are outdated
 00:03:15 Volunteer spending made easier
 00:05:12 How nonprofits currently use credit cards
 00:06:36 Digital wallets and virtual cards
 00:07:38 Receipt tracking and compliance challenges
 00:10:01 The hidden cost of $10 transactions
 00:10:55 Fraud prevention and virtual card use
 00:13:17 Bridging the gap between finance and programs
 00:17:56 Sales tax refunds and real savings
 00:22:00 Policy clarity and spend management best practices 

 #TheNonprofitShow #SpendManagement #NonprofitFinance 

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The Nonprofit ShowBy American Nonprofit Academy

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