I have got 100 units of external CD Drives in my warehouse. I realized that 7 of them are useless and damaged therefore I would like to write them off from my inventory to an expense account and reconcile my inventory in terms of quantity and value.

Is there any option in the warehouse by the name of WRITE-OFF under items/products where I can click and write off the value and quantity from my warehouse and is charged to profit and loss account as expense. We know we should be able to customize the journal entries where to debit and where to credit?