It’s basically single of the year and album of the year.

From Wikipedia:

Record of the Year is awarded for a single or for one track from an album. This award goes to the performing artist, the producer, recording engineer and/or mixer for that song. In this sense, “record” means a particular recorded song, not its composition or an album of songs.

Song of the Year is also awarded for a single or individual track, but the recipient of this award is the songwriter who actually wrote the lyrics and/or melodies to the song. “Song” in this context means the song as composed, not its recording.

Album of the Year is awarded for a whole album, and the award is presented to the artist, songwriter, producer, recording engineer, and mastering engineer for that album. In this context, “album” means a recorded collection of songs (a multi-track LP, CD, or download package), not the individual songs or their compositions.