No, this is a desktop version hosted offsite instead of the browser-based cloud version from Intuit. See this above post for examples: https://news.ycombinator.com/item?id=20481074
How is "QuickBooks Desktop Hosted in the Cloud" different from "Anything you darn feel like, hosted on a remote Desktop (like Citrix)" ?
The former is probably easier to sell to accountants who want QuickBooks Desktop plus the benefits of a remote managed service (accessible over the Internet, someone else takes care of backups - in theory! - etc)