No, you cancel and your data stays available for 365 days within which you can re-subscribe and it will be like you never left - except for no new data during your hiatus.
If you wish to start over with a clean slate here is my suggestion.
2. Add a new company to your login
3. Cancel the company you no longer want
Or, with a completely different email address, start a new subscription all its own, completely unrelated - you might even be able to take advantage of some promo rates
So, that’s what I did, but it wouldn’t let me use my email address to open a new account because “it was already in use”. So then it directed me to sign in and resubscribe?
Hi there, @loneprairiephs.
I want to make sure able to create a new company in QuickBooks Online (QBO). Since you already re-subscribed, you have an option to purge your data, depending on the age of your account. It would be my pleasure to provide you the steps.
If your books are less than 60 days old, you can delete or purge the data. Follow these steps to clear your company data.
3. Hit Yes to confirm, then click Wipe data.
Here's an article that contains all the information about the process: Delete your data and start over.
However, if your company files are more than 60 days old, you're unable to purge the data. What you need to do is either manually delete the transactions or create a new company. But before doing that, I suggest canceling your old account if you will subscribe to a new subscription. To ensure you only have one subscription to pay.
5. Follow the on-screen instructions to complete the process.
For the detailed steps, check out this article: Create or add another company.
Please browse this article: What happens to my QuickBooks Online data after I cancel?. You can know about the life of your QBO data after you end your subscription. Also, you'll learn more about data availability and export policies after cancellation.
Don't hesitate to leave a comment below if you have questions related to QBO usage. I'm always here to help.