Download the free excel tip pooling calculator to help determine and distribute tips to your employees using tip pools.
Dive into tip pooling with this free Excel calculator.
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.
How to use your free tip pooling calculator template:
Make your tip pooling journey easier with this custom 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!