What I did was dab some white-out on my front tire and rode my bike down the length of my driveway. I then measured, with measuring tape, the distance between the dabs left on the ashphalt (about 3 measurments in all). I took the average and used this number as the circumference entered into the computer. This is the most accurate way that I can think of.
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2005 Lemond Sarthe
2000 Trek 2300
Old Nishiki built up with Sora Brifters & Campy Wheels
1999 Giant ATX 880 MTB