The wavefunction of even a single electron is really an infinite set of numbers, one for every position in space.
Approximations are important: Assume each electron interacts only with the average of all the others. Assume that the wavefunction is simple enough to be
described by a large but finite set of numbers.
With better approximation methods and better computers, our ability to predict chemical and physical properties now reaches to systems of several hundred molecules.
Predictions still have to be tested, however, and the approximations are often wrong.