Standard Edition provides basic functionality for recording, converting, and processing sound. For more advanced audio features, take a look at Total Recorder Professional Edition. If you are also interested in video capturing, you should download the new Total Recorder VideoPro Edition. You can compare different editions of Total Recorder using the Feature Comparison page.
Features:

+ Record local audio files or Internet broadcasts
+ Record both parties of Internet-telephony conversations
+ Record any sound passing through any line of your sound card
+ Schedule playbacks or recordings
+ Record directly in any supported sound format, normalize, convent and more…