I'd suggest going through the tutorials on my lessons pages.
They basically run you through using Cubase (although any application is similar). The things they use, what steps you take and what to expect.

http://guitartricks.com/tutorial.php?input=14
http://guitartricks.com/tutorial.php?input=278
http://guitartricks.com/tutorial.php?input=14
http://guitartricks.com/tutorial.php?input=35
http://guitartricks.com/tutorial.php?input=118


... plus others...