Abstract: An online electronic receipt management system and method are disclosed. The system and method allow for a centralized online electronic receipt database accessible to a user via the Internet using an email address and password to gain access to the user's unique site. The system and method also allow a user to easily organize entire sales transactions (or individual items from a multiple-item sales transaction) items into categories allow for simple calculation of total expenses relevant to that category. The system and method also allows a user to easily create gift receipts by masking certain portions of the sales transaction prior to transferring it to the recipient.