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 Pooling Calculator.xlsx
How to use your free tip pooling calculator template
Make your tip pooling journey easier with this custom tipping template.
1. Starting with the first column – input total tip amounts alongside the staff that will be receiving tips.
2. Input data regarding the hours worked and the multiplier rate associated with each position.
3. Apply multiplier rates and positions in the Multiplier tab to equitably divvy up tips based on position and hours worked.
4. 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.
This tip pooling calculator is just the beginning
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.
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 | |
| 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 | | |
Find out why 1.5 million restaurant professionals love 7shifts
Start free trial1.7k
Ratings
1M+
Downloads
1.1k
Reviews
99
Reviews
Templates
See all templates
Time-Off Request Template
Get the free restaurant time-off request template to easily manage employee requests.
Download now
Sales Dashboard Template
Get the restaurant sales dashboard template to help you track sales & labor.
Download now
Food Cost Percentage Template
Get the food cost percentage template to to control costs and improve profits.
Download now
Restaurant Schedule Template
Get the best restaurant excel-file schedule template to help create your staff work schedules.
Download now