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Restaurant Tip Pooling Software
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Free Restaurant Tip Pooling Calculator Template
Dive into tip pooling with this free Excel calculator
Tip pools are complicated, but not anymore. This tip out excel template makes it easier for restaurants, bars and hotels to calculate tip amounts efficiently. Simply fill in employee hours and tip amounts and the spreadsheet calculates the payout for you.
Tip pools are complicated, but not anymore. This tip out excel template makes it easier for restaurants, bars and hotels to calculate tip amounts efficiently. Simply fill in employee hours and tip amounts and the spreadsheet calculates the payout for you.
How to use your free tip pooling calculator template
Make your tip pooling journey easier with this custom tipping template.
Starting with the first column - input total tip amounts alongside the staff that will be receiving tips.
Input data regarding the hours worked and the multiplier rate associated with each position.
Apply multiplier rates and positions in the Multiplier tab to equitably divvy up tips based on position and hours worked.
Divide tips fairly, accurately, and easily!
Three tips for ensuring you split tips correctly
1. Know the Law
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.
2. Keep Accurate Records
Another important step is keeping accurate records of tips received. This will help you ensure that tips are properly allocated among employees.
3. Communicate With Your 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.
How does this free template stack up to 7shifts?
Compare the functionality of this Excel sheet against a robust restaurant team management platform like 7shifts.
Tip Pooling Template | |
Tipping is just the tip of the iceberg. Uncover the full potential of 7shifts!
Get Tip Pools right the first time
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.
Pay your team in seconds
Tips sent through Tip Payouts arrive in employees’ accounts instantly and automatically.
This tip pooling calculator is just the beginning
A powerful team management platform like 7shifts can help you keep track of costs, unlock efficiencies, and take your tip pool to the next level.
Restaurants save
with 7shifts
6666%
Less time creating and managing schedules
6060%
Less unbudgeted labor
5050%
Less calls, texts, and emails
Trusted by over 1.5 million restaurant pros
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Frequently asked questions
What’s included in the tip pooling calculator and template?
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.
Can I trust the accuracy of the tip pooling calculator template?
We triple-checked our calculations and had multiple people test the spreadsheet. But hey, everyone makes mistakes. The beauty of a customizable Excel template is you can see the formulas, so if you notice anything, don’t hesitate to let us know at marketing@7shifts.com
Is the tip pooling calculator template compatible with different restaurant sizes and structures?
You can list up to 8 front and back of house employees in this calculator. To include more employees or a more complicated tip pool structure, check out 7shifts Tip Pooling software.
Can I use the template for other types of businesses apart from restaurants?
While we built this tip pooling calculator and our Tip Pooling software specifically for restaurants, it can work for other business types. Just change the department names to whatever suits your business.
Get started with tip pooling now!
Tip payouts done right, every time. Save time with easy tip pool creation and calculations.