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Slide notes: A Single Leg Journal is typically a Journal that we capture with 1 Debit and 1 Credit. The requirements for a Transaction resulting from a Journal is 1 Debit and 1 Credit that balance.

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Slide notes: In this example Journal we capture 1 Account to debit and 1 Account to credit.

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Slide notes: After posting this Journal, we can drill it and see from the effect in the Financial System that this is indeed the Journal we processed, and it has resulted in a single Transaction with 1 Debit and 1 Credit.

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Slide notes: Even a Single Leg Journal can result in a Multi Leg Journal after posting, because of some automatic Journal generated by the system. For example, we will now post a Single Leg Journal with automatic Tax processing, and we will see this automatic expansion of the Single Leg to a Multi Leg Journal.

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Slide notes: In this case, we choose a VAT tax type for the Single Leg Journal.

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Slide notes: Note that we are processing only a Single Leg Journal with 1 Debit and 1 Credit, but we are processing a Tax Type as well.

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Slide notes: When we drill the result, after posting this Journal, this is what is revealed.

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Slide notes: Although it was only a Single Leg Journal when captured, it has now become a Multi Leg Journal with 2 Transactions, i.e. 2 Debits and 2 Credits, because the system has automatically generated a 2nd Leg to the Journal in order to automatically process and post the Tax type that was selected on the Journal.

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Slide notes: There are many Single Leg Journal types available in IES, and they are often used for capture and processing convenience in the presence of the appropriate capture needs for specific Journal types.