How to Get a Balanced Mix:

1) First, Prepare the Mix

This includes setting up the console so it properly receives the digital signal from the multi-track

a. Cue the tapes

b. Mark the faders with instrument names, on masking tape

c. Clear the console by turning down (or setting to normal) all controls & switches

d. Check Word Clock and set preferences if you are using a digital console

e. Recall a "Chamber" or Echo Room program on your main reverb unit and make sure master send & return controls are normal.

2) Second, Use Pan and Level Controls

You should start with drums and rhythms instruments

3) Third, Add Reverberation

You want to do this in order to obtain the proper front/back perspective.

4) Lastly, Apply Signal Processing and Make any Final Adjustments

Equalization can be used to overcome masking and to reduce leakage and ambiance obtained in the

recording. Equalization is applied last so that any changes the tone of the instruments can be checked

with all of the instruments playing. The use of equalization should be to make up for less-than ideal mic

placement and to overcome masking.

Taken from: http://recordingeq.com/EQ/req0200/recmeth.htm