There are many methods of tuning bows that will work.
Gold Tip recommends paper tuning your bows shot with a release aid and bare shaft tuning bows that are shot with a finger release. When using a compound with a release it is highly recommended to use a string loop on your bowstring. It will prevent nock pinch resulting in damaged nocks and will also help prevent the arrow coming off the string when the nock becomes pinched between the release and the nock set.
Warning: Use of a release without a loop can cause the arrow to fall off the string while being drawn due to string pinch. This can cause injury to the shooter by shooting the arrow either partially on the string or completely off.

Tuning a Release-Shot Bow
Paper Tuning:
Shoot arrows through a suspended piece of paper at approximately 4 to 6 feet, and observe the tear that results.

Below are the adjustments that need to be made
to achieve the optimal “perfect bullet hole.” Make sure you make adjustments in the up and down flight before you make the adjustments in the left and right flight. This ensures you are not getting a false reading due to vane contact.

Tip from the Pros: Try spraying your vanes with a
powder, such as foot powder, to determine if there is any vane contact with the rest. Vane contact can often cause erratic arrow flight and inaccurate tear readings.

Tip from the Pros: When paper tuning a very consistent release and anchor point is critical. Try shooting your arrow two to three times making sure that the tear is consistent before adjusting. Paper tuning can be very time consuming, but once your bow is tuned you will get much tighter groups and have perfect arrow flight.