Eagle Accounting fully supports the processing of default bonds, by allowing you to:
Shut off accruals on a security, either at a security/accounting basis level or at an entity/ accounting basis and security combination level
Shut off amortization on a security, either at a security/accounting basis level or at an entity/accounting basis and security combination level
Shut off accruals and amortization on a security/accounting basis level, either at a security level or at an entity/accounting basis and security combination level
Stop the maturity processes when the bond is in default
Eagle Accounting does not calculate accrued interest purchased or sold when purchasing or selling a bond that is in default.