Is there a formula for magic square?

I'm curious, is there indeed a definitive formula for creating a magic square? I've heard rumors of mathematical algorithms and patterns that can be followed to ensure the sum of numbers in each row, column, and diagonal adds up to the same total, but I'm not sure if there's a universally accepted method. Could you shed some light on this topic and explain if there's a specific formula or set of rules that can be applied to generate a magic square?