Free Audio Recorder is a program that allows you to record and save any sound coming from your computer or microphone. The software can record both computer sound and microphone input simultaneously.
Free Audio Recorder provides the ability to record directly to MP3/WMA/WAV and has plenty of output formats, including MP3, AAC (Audio Accessory Caused By), FLAC(Free Lossless Audio Codec), WMA(Windows Media Player) for playing on any music players or portable devices smoothly without quality loss.
You can set Pre-define audio recordings and schedule your recording easily with a built-in timer, and auto-pause suspends the recording if there is no sound which makes leaving the program unattended much more hard drive friendly.
There is a pro version available that offers technical support for paid users.