BEGIN TRANSACTION;
DECLARE @tblMapping table(sourceid int, destid int)
INSERT INTO [table1] ([data])
OUTPUT source.id, new.id
Select [data] from [external_table] source;
INSERT INTO [table2] ([table1_id], [data])
Select map.destid, source.[more data]
from [external_table] source
inner join @tblMapping map on source.id=map.sourceid;
COMMIT TRANSACTION;