Music creation software follows a few different interface metaphors: the multitrack mixing desk (Pro Tools), the rack of modular synths (Reason), the sheet of staff paper (Sibelius, Dorico, Noteflight). There are also hybrids of all of the above (Logic). Ableton Live is in a category by itself, because it’s organized around a kind of performable spreadsheet. Serato’s metaphor is two turntables, a crate of vinyl records, and a DJ mixer.
Another bonus of recording this way is having separated audio files between you and your guest. If they cough while you’re talking, you can cleanly remove it from their track without affecting your voice.