With everything off, plug in the mic to the Balance.
If you noticed the sticker on the Balance USB port then you already installed the drivers. Very important step. You may have to reboot – can’t remember.
Next create a mixer channel. I do this in the sequencer window. From that track there is a drop down where you select the input. You will see ASIO Balance or some similar thing.
You should immediately see an audio signal as a green meter light. If not, reboot.
Arm the channel and press the red button and you are recording.