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Explain How Specific R1C1 Formula Works

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I have a bit of code that someone here helped me with a while back, and as my code has evolved, this has stopped working properly, I'm trying to figure out how exactly it works, and what it's doing... Any help is appreciated!

Code:

Range(Cells(4, 8), Cells(Bot, 8)).FormulaR1C1 = "=IF(SUMIF('[QB Output.xlsx]Sheet1'!C4,RC3,'[QB Output.xlsx]Sheet1'!C6)=0,"""",SUMIF('[QB Output.xlsx]Sheet1'!C4,RC3,'[QB Output.xlsx]Sheet1'!C6))"

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