On day 366 your file is digitally shredded, completely, unequivocally, and unrecoverably forever and entirely deleted from the QB servers, never to be seen from again - even, supposedly under subpoena by the IRS (but I doubt that)
Can I be more specific? If you want access to see more than just reports before they are gone you can re-up for a month, then unsubscribe and possibly get an additional year of reports only but I cannot verify that