UK Accounting Glossary
A monetary pool in which tips / gratuities are collected and later shared out between all staff, e.g. in a restaurant.
A common fund into which tips and service charges are paid for distribution to the staff.
A monetary pool in which tips / gratuities are collected and later shared out between all staff, e.g. in a restaurant.
The person who shares out the tips is called a ‘troncmaster’.
‘tronc’, from the French ‘tronc des pauvres’, poor box
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This glossary post was last updated: 26th December 2018.