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Hello ITAG. I can explain in detail what happens to your data after cancelation.
In QuickBooks Online, we retain your data for a period of one year. This allows you to resume your activities from where you left off if you choose to return. Throughout this duration, the file will be accessible only in a read-only format unless you opt to resubscribe or reactivate your account. After one year, the data will be permanently deleted.
It is essential to note that we consistently recommend exporting or printing the data before proceeding with cancellation. For details regarding the status of your account following cancellation, please refer to this article: What happens to my QuickBooks Online data after I cancel?
I have attached several informative articles to give you a more comprehensive understanding of how to export your QBO reports and lists:
Please reply to this conversation for any additional concerns or inquiries regarding your file in QBO. Your experience and feedback are important to us.