The thing that makes it more difficult IMO is that you are not meant to mix boiling water and formula, because IIRC the boiling water kills off some of the vitamins in the formula.
I used two methods myself, 1 was to make up bottles containing just boiled water, filled to the exact level that I needed. I cooled them very fast, they would be in the fridge 20 minuets after the kettle was boiled. When I needed a bottle I added the formula at that point and heat the bottle up to a drinking temperature (some babies will drink it cold from the fridge, but mine never seem too). All of the bottles of water needed to be used or thrown away after 24 hours.
Another way I would do it would be as above, but filling the bottle with half the amount of boiled water that I needed. I would boil a kettle at the time of the feed, top up the bottle to the level needed and then add the formula.
I personally don't like making up bottles of milk and cooling them because if I go out I use a carton of made up formula. If I make up a days worth of bottles using formula, and then go out unexpectedly I won't use up all of the feeds in the fridge and end up throwing milk away.
I'm sure my way is not ideal, but really, faffing about for 30 minuets while you have a baby screaming for a feed is horrendous (especially with other DC's to look after). Obviously on a good day you can see your baby waking for a feed and have in ready before they cry, but often they take you by surprise and need a feed NOW!!