Dear Sir or Madam,

I am an accountant working in a Swiss company who has WIR transaction. I am wondering how should I account for the transaction.

1. Should I classify the WIR into the cash account or investment account?
2. How should I convert my WIR balance into Swiss Frank for my financial reporting, which requires to be in Swiss Frank? Some people use 1 WIR to 1 Swiss Frank conversion, but I did not see this rate anywhere.

Thank you for your response.