Labh Pancham or Labh Panchami is celebrated on the Panchami tithi of the Hindu calendar in the Shukla Paksha of Kartik month.Labh means ‘Benefit’ or ‘Good luck’, and Pancham means ’Fifth’. Labh Pancham is also known as ‘Laakheni Panchmi’, ‘Gyan Panchmi’, and ‘Saubhaagya Panchmi’. Labh Pancham usually falls one week after Kali Chaudas and five days after Diwali. On this day, devotees offer prayers to Lord Ganesha and Goddess Lakshmi and open their books of account on the auspicious day of Labh Panchami. The terms Shubh and Labh play a pivotal role during Labh Panchami celebrations. Shubh denotes auspiciousness while Labh refers to benefit/profit. Businesspersons write Shubh on the left and Labh on the right and draw a Swastika in between these two words on the first page of their accounts book. Jains celebrate Labh Pancham by worshipping their books and praying for knowledge with a variety of offerings, sweets, and fruits. From the day of Diwali to Labh Pancham, it is a tradition to visit your friends and relatives. It is also a time to renew good relations amongst them all. Sweets and other gifts are exchanged on Labh Pancham, which symbolises the sweetening of relationships with each other.