What is the best way to convert LP's to CD's?


I'm getting ready to purchase a new Dell computer. I would like to convert some of my LP collection to CD for the conveniance. Besides a sound card do I need any other equipment? What do you all use and recommend? What types of CD\R or CD\RW sound better? Will I need some type of DAC to convert the analag to digital? I'm new to this process. Please let me know.
128x128sgr
if you want the best recordings try a separate audio cdr the will burn at a 1:1 ratio.(i own a Dell too dude!! forget it as a piece of audio equip.) there are many cd-recorders out there, i think of them as the cassette recorders of today.
my Philips 950 is a nice single well that will accept the signal straight from a phono preamp
playing with the thing, i've found that it will transfer the sound of a cdp to a disc that a dual-well or my Dell can't match.
Dogeatpuppy is absolutely correct. It's tedious, but the results are best. I own the Philips 880 CDR, use Imation and Sony blanks and get decent results. You will have to baby sit the operation.
I've used 3 different Pioneer CD recorders (at 1X speed) with excellent results, and presently use a Marantz CDR500 that is also excellent at 1X or 2X-- but more expensive than the Pioneers. Cheers. Craig