It's good to see you here in the Community, @srudesal.

I'm glad to assist you today! Yes, once you cancel your QuickBooks Online (QBO) account, you have read-only access to your company file for one year. After this time period, you'll need to resubscribe to QBO in order to have access to your data, such as the P&L report.

Moving forward, I recommend that you export reports, lists, and other data from QuickBooks Online before cancelling your account. 

Feel free to read through this article to know more about the QBO cancellation process: What happens to my QuickBooks Online data after I cancel?

You can always go back whenever you need help handling your QBO data. Be safe!