Iowa Client Trust Account Rules (Iowa Court Rules Chapter 45) 45.2-3a-8: Record every electronic transfer to or from trust with the prescribed fields

What does 45.2-3a-8 require?

Each electronic transfer into or out of the trust account is logged with the date, the amount, the name of the client or beneficiary it concerns, the sender and recipient, what the transfer was for and, for a disbursement out of trust, the name of the person who authorised it. The record is kept with the other trust records for the six-year period.