Dictaphone is a Windows utility software that lets you record audio. It's optimized for recording dictations but you can record anything you like that your sound card supports.
Other part of the application is the Recordings Manager that lets you manage and edit the recordings.
Record dictations or anything else through the sound card
Continue, insert and overwrite recording from a specified position (rewind and continue recording function)
Record to WAV, MP3, WMA (or any command line encoder)
Specify recording title and notes for a dictation
Automatically store recording date and time for the dictation
Manage and edit your recordings (MP3 recordings are edited without decoding)