Yes. So the recipe formulation part will keep all your recipes, addition sizes, measurements, and times. Thats all part of a recipe.
They also have note fields for every step of the process. So say during a boil you forgot to add your 30 min hops and you added them with 25 minutes. You don't need to change the recipe, just add it to the notes. This way the next time you brew that recipe you can look back at your notes.
Most also keep inventory and things like that.