Hello Robert,
Thank you for contacting National Instuments.
You are partially correct. In AutoZero Mode, NI-DAQ shorts the input to ground and subtracts that measurement from all subsequent samples. It is basically a quick calibration technique.
What you described is more closely related to offset null compensation where potentiometers are adjusted until the wheatstone bridge reads 0 Volts at 0 strain.
Let me know if you have further questions.
Sincerely,
Sean C.
Applications Engineer
NAtional Instruments