Thanks for reaching out to the Community, @fgrunerlmt.
Hope you're having an awesome day. When you cancel your QuickBooks Online company, your data will remain in a read-only format for 1 year before the data is deleted. You can still login to your account, but you won't be able to make any changes. If you'd like a permanent backup of the data, you can export your data to a ZIP file consisting of Excel files or you can export a copy to QuickBooks Desktop.
If you'd like more information on this, you can check out: What happens to my QuickBooks Online data after I cancel?
If you have any other questions, I'm just a click away. Just hit the Reply button below. Have a great rest of your week!