Sound Forge® is a very capable monaural and stereo recorder. It is not a multitrack recorder, though. It does not have overdub capabilities (though you can “mix” audio with it). For recording voice-overs, single instruments, and general stereo and mono audio projects, for example converting music from vinyl to digital or capturing a live concert, Sound Forge has a feature-rich toolset.
If you need traditional multitracking where you record multiple instruments, such as drums, guitars, and vocals, in sync on independent tracks, you will need to use separate multitrack audio software. Sony’s Vegas is an ideal tool for this ...