I'm doing mostly DAT Transfers, but regardless the idea is the same:
I copy my Master WAV off the Flash Card onto my PC.
I cut off any extra silence with CDWave and save as "bandname2013-06-25 - 1648.wav"
I create a WAV MD5.
I FLAC. (lvl 8 for least amount of space used)
I create FLAC MD5.
I save it all in a "master" folder along with the 1644 Master (FLAC w/ WAV and FLAC MD5s), CUE Sheets, and anything else I have for the show (pix, scan of ticketstubs, etc.). This "master" folder lives inside the folder I make for FLACs I Seed on ETREE (or however). It ends up taking up a ton of space...
I save all the FLACs on HDDs... I'm slowly running out of space, I've had to delete some dusty SHN/FLAC collections that never got played anymore (bye-bye Zeppelin and Clapton)...
Terry
ETA I ahve approx 6TBs external and 1.5TB internal... I think my next upgrade will be a pair of 3TBs internal... That should set me up for at least another year or so!