PPP loans are bookkeeping issues NOT an income tax issue. Although, this forum is reserved strictly for Tax purposes, I can offer some guidelines that maybe helpful.
In your books you will either :
1) count the loan proceeds as income and take the expenses you paid with it as deductible expenses like normal.
OR
2) enter the loan as a loan on the books and once it is forgiven you must also reduce your expenses by the amount of the forgiven loan.
Either method is correct as long as you are consistent in it's application. Option 1 is the easiest for most folks.
Your balance sheet is prepared based on your books and records. You will need to prepare / include an adjustment in the Schedule M-1 section of the software to handle the difference between book and tax.
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