You can configure Helix Banshee preferences by clicking +. The Preferences dialog box contains the following options:
Music Library: Lets you specify a music folder location. This location is used when you import music. Click to place a copy of the files you import in your Helix Banshee music folder.
CD Importing: Lets you determine encoding profiles for CD ripping. Select the output format you want, then click to configure advanced options for that format.