An alignment tool of the present invention is provided for aligning a sight for a bow. The alignment tool may comprise a sight reference plate comprising reference markings, and a support mechanism attached to the sight reference plate for releasably attaching the sight reference plate to the bow behind the sight such that the sight may be adjusted relative to the reference markings on the sight reference plate. The support mechanism may comprise a peg for releasable attachment to a stabilizer hole of the bow. The alignment tool may further comprise an additional structure for enabling the adjustment of the nocks, rest, and tiller of the bow.