To transcribe a Zoom meeting, you need to have a Pro, Business, Education, or Enterprise account and enable cloud recording within your account settings. You can then save the meeting to your Zoom cloud and use automatic transcription feature to generate a VTT transcript file that can be edited using an app like Google Docs or Microsoft Word. Additionally, you can access closed captions, search for text within transcripts, and change language options. If you don't have these features available, you can use third-party tools with extra features like conversation analytics and AI-generated insights. Transcripts turn whole meetings into single, easily-searchable text-based documents that can be used for various applications such as text searches, repurposing, and sharing.