Can I vibecode Wave?

Build a comprehensive, local-first web application that replicates the core accounting and invoicing features of Wave. The app should be built using Next.js 15, React, TypeScript, Tailwind CSS, and SQLite for the database, running entirely on the user's local machine without relying on external cloud services for core functionality.

The application must include the following primary modules:

1. **Dashboard & Overview:**
   - A centralized, at-a-glance dashboard that visualizes the overall financial health of the business.
   - Include charts (e.g., using Recharts or Chart.js) showing cash flow, income versus expenses over time, and a summary of overdue invoices or pending bills.
   - Display key metrics like total revenue, total expenses, net profit, and total outstanding receivables.

2. **Accounting & Bookkeeping (Double-Entry Ledger):**
   - Implement a chart of accounts (assets, liabilities, equity, revenue, expenses).
   - Support manual journal entries to ensure proper double-entry bookkeeping (every transaction must have balancing debits and credits).
   - Allow users to import transactions via CSV files (simulating bank statement imports) and provide a bulk-categorization workflow.
   - Include reconciliation features allowing users to match imported transactions with manual entries or invoices.

3. **Invoicing & Receivables:**
   - A fully functional invoice generator where users can create professional, customizable invoices.
   - Support adding customers, line items (products/services with quantity, price, and tax rates), and discounts.
   - Track invoice statuses (Draft, Sent, Viewed, Paid, Overdue).
   - Generate PDF versions of the invoices (using a library like react-pdf or simply printing the page with specific print styles).
   - Allow manual logging of payments against specific invoices to update their status.

4. **Expense Tracking:**
   - A dedicated section to log and categorize business expenses.
   - Allow users to upload receipts (store the files locally) and attach them to expense records.
   - Support tracking recurring expenses and categorizing them appropriately for tax purposes.

5. **Financial Reporting:**
   - Generate essential business reports dynamically based on the ledger data.
   - Include a Profit and Loss (Income) Statement.
   - Include a Balance Sheet.
   - Include a Cash Flow Statement.
   - Ensure these reports can be filtered by date ranges (e.g., this month, this quarter, this year, or custom ranges) and exported as CSV or PDF.

**Technical & Architectural Requirements:**
- **Local-First & Privacy:** All data must be stored in a local SQLite database (e.g., using Prisma or Drizzle ORM). Do not add any analytics, telemetry, or external tracking.
- **Security:** Ensure robust input validation to prevent SQL injection or XSS, even in a local environment.
- **UI/UX:** Design a clean, modern, and professional interface with a sidebar navigation, accessible forms, clear error states, and responsive layouts. Use realistic mock data to populate the app on first load for easy demonstration, with a clear "Wipe Demo Data" button.
- **Documentation:** Provide a detailed README explaining how to set up the development environment, run the database migrations, and build the application for production.
- **Testing:** Include unit tests for the core double-entry accounting logic and integration tests for the invoice generation workflow.