There is discussion on twitter that the company said the backups were on the same network as the data. Hopefully there is an offsite backup available.
https://twitter.com/ConleyU/status/1151862278909825024
https://twitter.com/MRasconCPA/status/1151894366291734533
https://twitter.com/hockeygirlPDX/status/1151945932935585792
Ouch. This is the sort of stuff that can kill a company.
Does Quickbooks with the cloud option offer local backups?