My boresighting procedure:
Set up paper at 25/50 yards, depending on the target size. I use black circles on a light colored background, which I find make this process easier.
Unload the rifle, remove the bolt and look down the barrel of the gun (this requires that you have the rifle set up on some semi-secure type of rest, sand bags, bipod, etc. You need to be able to make small adjustments to how the entire rifle sits and have it stay still.
As you look down the barrel position the rifle so that at the end of the 'tunnel' you can see the target you've set up down range. You might have to move it around a bit, its a very small 'window' to look through, it could take some time to find the target. I use circles because it makes it easier for me to center everything, just make sure the target (circle) and barrel opening (circle shaped image at end of tunnel) and the chamber opening of the barrel (circle, closest to your face) are all concentric. If you are doing this at 25 yards and your black circle is too big and it is all you can see through the little image at the end of the barrel, then move it out to 50 yards, or use a smaller circular target. I think I use 5.5 inch circles at 50 yards and it works pretty good.
now at this point you want to make sure the rifle does not move. Have a friend hold it for you, put some more sand bags on it, whatever you need to do to keep it as still as possible.
Go back up top to your scope, take a look through and start spinning the dials. Dont over-think this part (up/down, left right) just move the crosshairs so that they fall on the same target that you've aimed at earlier through the barrel of your gun.
Reassemble the gun, load it and take a shot. Depending on the range, if you've come this far without any problems (i.e. rifle moving while adjusting scope, not being centered while aiming through the bore, etc) you should see a bullet hole within 5 or 6 inches of where you were aiming (usually below).
Now look through the scope and center your crosshairs on whatever it was you were TRYING to hit. At this point have your friend hold the rifle, add bags to it where needed, whatever (same as before), and adjust your dials so that the crosshairs move to where you ACTUALLY hit (center the crosshairs over the bullet hole).
This is pretty much a one shot zero if done carefully. Sometimes it helps to take 3 shots before attempting the last step, because you might have made a very lousy shot and the bullet hole might have been a flyer, not indicative of where the actual group would form.