When I transfer the sound files from the Digital Voice / phone Recorder to the computer, will it transcribe the file to text?
NO. In order to transcribe from voice to text, you are required to use a third party software such as Voice Express, etc. With the normal usage of such voice-to-text software, you will be required to train it to recognize your voice pattern from MiVoice instead of speaking directly to the microphone of the computer.