Settings
Open Settings from the menu-bar menu. Six panes.
General

- Microphone — your input, and a preference order. Transcripts picks the best available one, so a headset takes over when you plug it in and the built-in microphone resumes when you don't.
- Consent mode — one-party or two-party. See Recording.
- Auto-record — watch for calls and start on its own.
- Capture system audio — record the other participants as well as you.
- Launch at login — start with the Mac.
- Menu bar icon and recording colour — a waveform or a microphone, and the colour it turns while recording.
- Recent recordings in menu — how many to list. The Recordings window always shows everything.
Destinations
Where recordings are filed, and where the Mac watches for phone captures. Both default to iCloud Drive/Transcripts when iCloud Drive is available.
Changing these does not move anything already written.
Sorting

How finished recordings are filed — Automatic, Custom script, or Off. See Your transcripts.
Pipeline

Every recording moves through five stages: encode → transcribe → summarize → classify → persist. This pane shows each one and lets you replace any of them with a script of your own, which receives the recording and returns its result.
Most people never touch this. It exists because the alternative to an escape hatch is a rewrite.
Voices

The people Transcripts has learned to recognise, and the recordings each voice was heard in. Rename someone, merge two entries that turned out to be the same person, or reject a bad match — which un-does it in the transcript too, not just in the list.
About

Version, update settings, the consent notice, and what the app does with your data.
Ride the beta train opts you into pre-release builds. During the beta this is how you get updates at all.
Next: Privacy