Remove unwanted audio from the recording
Use the Selection tool to remove unnecessary audio (mostly silence) from the start of the recording.
Click the Skip to Start button
Zoom in until you can see from the start of the track to the start of the music
Click and drag from the start of the music to the start of the track
Similarly, remove unwanted audio from the end of the recording and from the middle (between sides 1 and 2 of the LP or cassette).
Save your work! Click on File > Save Project > .
Label the songs
Mark the start of the first song
Click the Skip to Start button
Click on Edit > Labels > , or use shortcut Ctrl + B.
A new label is created in a new underneath the audio track. The contents of the label are selected and ready for editing. If you need to play the track to decide where to place the split points, you can use Add Label at Playback Position instead (directly underneath , or use shortcut Ctrl + M (on Mac it is ⌘ + .).
Type the title of the first song
Mark the rest of the songs
Using the Selection tool, click near the beginning of the second song
Click as closely as possible to the start of the song
Type the name of the song into the label
Continue in this manner adding a label to mark the start of each song
Maximize the volume of the recording
If you did the original recording properly and avoided clipping, the recording is probably not at the maximum possible volume. In order for the LP or CD to be burned at maximum volume and thus match other LPs or CDs in your collection we need to fix this.
The default choice in this dialog is to amplify to a maximum of -1.0 dB. The maximum setting is 0 dB, but the default setting of -1.0 dB provides a little headroom as some players can have playback problems with audio at 0 dB.
Some consumer-level turntables, tape decks and/or amplifiers may well record stereo channels with a stronger signal in one channel than the other, which you will probably want to correct. In that case, check the box that says Normalize stereo channels independently.
Export multiple files
The final step involves creating multiple audio files from the Audacity project.
Click the Choose... button and pick the place where your exported tracks will be saved.
Choose the export Format from the drop-down menu:
Under Split Files Based On:
Click the OK button in the Metadata Editor (not the Save button).
Metadata Editor will appear for the next and the subsequent songs; as before, enter any additional information and click "OK" for each window. When you click "OK" on the window for the last song, all the files will export.
Backup
Backup your exported WAV or MP3 files - you do not want to lose all that valuable work and have to do it all over again. Computer hard drives can fail, destroying all data.
Ideally use a dedicated drive (1+ TB external magnetic drives are convenient and economical), or upload to an online (cloud) storage service to store the WAVs or MP3s. Better still is to make two copies on different external devices and even better is to hold an online backup as well as the local copies.
You may want to create a taxonomic file structure - for example each album can be stored in its own folder (named for the album) within a folder named for the artist (or, perhaps, composer for classical music) to make searching and retrieval easier.