A receptacle for storing and counting surgical pads system includes a receptacle for storing and counting surgical pads assembly including a cylindrical receptacle having a flat base, a side wall having a cylindrical rim around a perimeter, and a convex top section having a plurality of inner fins. The receptacle for storing and counting surgical pads system includes the receptacle for storing and counting surgical pads assembly. The receptacle for storing and counting surgical pads assembly houses both used and unused said surgical pads suitably used in a variety of medical and surgical procedures. The receptacle for storing and counting surgical pads assembly is structured and arranged to provide a means for handling, disposing, and keeping track of each said surgical pad effectively ensuring that the surgical pad is not left inside of a user-patient that would potentially cause ill-effects.