Restaurant Tip Pooling Software
Tip pools are complicated. This template makes it easier. Simply fill in the employee hours and the tip amounts and the spreadsheet calculates the payout for you.
The first step to correctly splitting tips is understanding the law. The Fair Labor Standards Act (FLSA) governs how tips must be divided among employees, and it’s important to familiarize yourself with the relevant regulations.
Another important step is keeping accurate records of tips received. This will help you ensure that tips are properly allocated among employees.
Finally, it’s important to communicate with your employees about tip splitting. Make sure they understand the law and your policies. This will help avoid misunderstandings and potential legal problems.
Compare how functionality of this Excel sheet against a robust team management platform like 7shifts.
Tip Pooling Template
Contribute by percentage of tips
Enter tips manually
Distribute tips based on hours worked
Automatically sync POS tip contribution
Contribute by percentage of sales
Distribute tips based on custom percentage
Distribute tips based on points weighting
Automatically send tips to payroll
Pool tips by daypart
Set-and-forget tip pool configuration
When it comes to splitting tips, you only have one chance to get it right. If you’re inaccurate, you can impact someone’s financial well-being—and even find yourself at the end of a costly compliance lawsuit.
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Sections for an employees, positions, number of shifts. Multiplier sheet with value add ons. An easy-to-use template where you can input your employee data and divide tips fairly and quickly.