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At this time of year, many traditions in the northern hemisphere celebrate thanksgiving. In the UK, we have the harvest festival. Later this month Hindus have a very particular festival called Chopda Pujan which involves the puja (or worship) of accounts books. Honestly!

On this day, business people rule off their accounts ledgers and start new ones for the coming year. They take stock of not only how much they’ve earned in the past year, but also how they’ve earned and used it.

Gathering together, they present their new ledgers in ceremony, invoking empowerment and prosperity for their own needs, and so that they can in turn support their communities.

Nowadays spreadsheets and other computer programmes have mostly replaced hand-written ledgers. Nevertheless, it is valuable to reflect on the benefits of elevating accounting above the merely dry and mundane “number crunching” to an activity with significance within a larger fabric of our lives.

When we account for something, it comes into our awareness which empowers us – even when it’s not what we want to see.

I continually come across people – they could be self-employed through to running very sizeable companies – who find it difficult to engage with accounting. It’s seen at the periphery of their vision, as something they have to do to satisfy others, like the tax authorities. Or there’s a fear that to be interested in their financial data might mean they’re too enamoured with money.

A healthy mindset around recording and reviewing financial transactions is a key building block to having a healthy relationship with money. This in turn supports sustainable prosperity and enables us to serve our communities.

To see a short video of a Chopda Pujan ceremony, click here.