Convert Analog Signal to FLAC File

Audacity 2.0.3 on Windows 7 x64 SP1. I wish to convert an LP to a FLAC file. Can this be done within Audacity, or do I need additional software?

No extra software is needed for export to FLAC.

Please see: Tutorial - Copying tapes, LPs or MiniDiscs to CD - Audacity Manual .