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MileIQ vs Wave Accounting (2026): which is better for resellers?

Short answer:

• Choose MileIQ if this sounds like you: Swipe-to-classify mileage logging.
• Choose Wave Accounting if this sounds like you: Budget bookkeeping for new resellers.

MileIQ overview

MileIQ detects drives automatically and lets you classify them as business or personal with a swipe. It is simple and reliable.

Wave Accounting overview

Wave offers free double-entry accounting, invoicing and receipt scanning on paid tiers, a solid free option for small reselling businesses.

How to decide

Knowing your real profit per item, inventory value and deductible expenses separates a business from a hobby. Reseller-specific tools import sales from marketplaces and match them to your cost of goods automatically, while mileage trackers log sourcing trips in the background. Talk to a tax professional about what applies to you; these tools only make the record-keeping easy. The deciding factors usually come down to each tool's standout strength (for MileIQ: very simple; for Wave Accounting: free core accounting) weighed against its main drawback (free plan limited drives per month versus not reseller-specific).

Still undecided? See MileIQ alternatives or Wave Accounting alternatives.

Checked 2026-10-17. Confirm current pricing on each site.