Tip Sheet - Pool, sort, and pay tips!
Tip Sheet is the first-of-its-kind solution that allows you to sit back and relax as this state-of-the-art software automates the entire process of collecting, calculating, and distributing tips to your staff with unwavering integrity.
Tip Sheet's proprietary model ensures that tips are fairly distributed amongst your team, and with just the touch of a button, your staff will receive the tips they've earned!
Using Tip Sheet allows you to:
- Save time & boost productivity - Automate your tip distribution process, saving 3-4 hours per week. Free up managers and staff from manual tasks so they can focus on more critical business operations.
- Eliminate errors - Automation ensures 100% accuracy in tip calculations, removing human error and inconsistencies from the process and ensuring all staff receive their correct share.
- Increase staff trust & satisfaction - Transparent tip distribution fosters a positive work environment. Staff know they are receiving fair and accurate tip allocations, which boosts morale and helps reduce turnover.
In this article, we will cover:
- How Tip Sheet can benefit your business
- Connecting Tip Sheet to your foundU platform
- FAQs
If you would like to request a demo of Tip Sheet and the integration, then please send an email.
Tip Sheet is a fantastic resource for those in the Hospitality Industry. It simplifies how tips are calculated, distributed, and paid to your staff.
With Tip Sheet, you can set up personalised rules to guarantee that tips are shared fairly among your team, all while saving your admins a lot of time.
Additionally, the Tip Sheet has key benefits for your employees, such as:
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- Fair and Transparent tip distribution - Employees can trust that their tips are handled fairly and consistently.
- Timely payments - Automated calculations ensure tips are distributed promptly.
- Peace of mind - The elimination of human error means employees are confident in the accuracy of their tip payouts.
Once connected, how does the Tip Sheet - foundU integration work?
- From foundU, your employee and timekeeping data from Approve Shifts are synced with Tip Sheet; this will occur once per hour.
- If you have chosen to integrate your POS system (optional), your sales data will also be sent through to Tip Sheet.
- Tip Sheet will apply your customised tip calculation method to this data to distribute tips.
- Tips are then paid from Tip Sheet by exporting an ABA for bank upload.
The Tip Sheet team is committed to making the integration process as fast and easy as possible. They will be there to assist you at every step of the way.
Once you fill in the request form and have decided to proceed with using a Tip Sheet platform, the following process will be followed.
How to integrate foundU & Tip Sheet:
- From your Tip Sheet platform, navigate to your Admin Portal. This can be done by selecting your icon in the top right-hand corner > Switch to Admin Portal.
- Each Venue can be integrated separately to allow for greater customisation. From the main menu, navigate to Venues > Locate your venue > Select venue.
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To integrate your venue, navigate to Integrations from the Venue's profile. Locate foundU, and select Connect.
- In the foundU Domain field, specify your platform's domain name. Then select Connect.
- Log in to your foundU Admin Portal; you will be prompted with a permissions request. Select the checkbox and then Continue Integration. Once confirmed, you will be directed back to Tip Sheet.
- From the list, select which Operations and Rosters from foundU you would like to integrate with. Then Save.
How to import data:
Once you have connected Tip Sheet to foundU for the first time, you can import employee profiles and the last 2 weeks of approve shifts data. To do this:
- In Tip Sheet, navigate to Integrations from the Venue's profile and locate foundU.
- Next to the Connected Bage, select the down arrow, and then Import Data.
- You will then be prompted to confirm the import; to do so, select Import.
Once your Tip Sheet - foundU integration has been set up, data will be synced once per hour.
If you need help with Tip Sheet, you can contact their helpful support team by email at support@tipsheet.com.au.
Here are some of the frequently asked questions about the Tip Sheet - foundU Integration. Please feel free to check back here for more relevant questions in the future.
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Once the foundU and Tip Sheet are connected, you can initiate an import for the last 2 weeks of data from foundU. Otherwise, they will sync every hourly.
If you still require further backdating, Tip Sheet has an on-demand import function, enablling you to manually import your data.
Will the tips show on my employee's payslips?
Unfortunately, no. Since tips are processed and paid through Tip Sheet and not through foundU, they won't show up on any employee payslips.
This also means they won't be included in foundU's financial reports, but you can still track them through from Tip Sheet.
When using Tip Sheet, how do the tips get reported to the ATO, and how are they taxed?
When you use Tip Sheet, tips are paid to your employees through an ABA file, but they aren't reported to the ATO via STP.
Tips must be reported separately by your employees when completing their tax returns. The Tip Sheet reporting center can assist with keeping track of all tips sent to employees for a financial year.
Similarly, as the tips are processed externally to foundU, they will not be included on your employee's payslip and will not be included in the tax calculation.