Yes, cancelling your account will still be accessible in Quickbooks Desktop as long as you don't uninstall the software. You can still create any transactions types but will lose the ability to update your tax table for payroll.
Whilst cancelling a QuickBooks Online account will only have access as View Only status for a year.
In the meantime, you can consider exporting your reports before canceling your account. I'll show you how to do it.
Click Reports at the left pane.
Search for the report you'd like to view.
At the top right of each report, click on the Export icon's drop-down arrow beside the Print icon.