Based on a point system, this spreadsheet helps distribute earnings (like tips) among restaurant employees. It automates calculations, making the process faster and more transparent.
Here's how it works:
You don't need to be an expert with spreadsheets to get started. Just being comfortable typing with letters and numbers will do!
- Enter Tips: Enter the total tips collected in the designated sheet ("Enter_Tips").
- Automatic Calculation: The separate sheet ("Sheet2") automatically calculates each employee's share based on their assigned points.
Benefits:
- Fair and Transparent: The point system ensures a fair distribution based on pre-defined criteria (e.g., hours worked, job role).
- Automated Calculations: Saves time and reduces errors compared to manual calculations.
Here is the link to the spreadsheet:
https://strby.etsy.com/listing/1565775556
Disclaimer: Personal Finance Experience
The information provided in this blog post is based on extensive research and practical testing.
I thoroughly examined the Point System Tip Splitting outlined in the accompanying Google spreadsheet across various scenarios. However, it’s essential to recognize that individual financial situations vary, and what worked for me may not be suitable for everyone.
Please note that I am not a financial advisor, and this blog post does not constitute professional financial advice. Always consult with a qualified professional before making any financial decisions.
Remember that financial decisions should be made carefully and considerately.