Update: It looks like they finally managed to fix it. It's been over a month that I haven't been prompted !

Yes.. just like any standard SAAS !

update 2024: Looks like Intuit has now re-introduced the issue and worse, the time out is less than 1 hour and I get "We signed you out due to inactivity.

Last week Quickbooks started asking me to check that I'm "not a robot" then enter my password and enter the 6 digit varication code every time I log in, even when logging in within minutes of logging out. It's super annoying.

Oddly enough it DOESN"T do this if i turn ON my VPN....one would think this is when it should ask, not when coming from my static IP address that I aways log in from. 

Quickbooks sucks hard.  All the sudden I have to do two step authentification out of thin air.  God this program is trash.