Sorting out and putting away (7)
I believe the answer is:
storing
'putting away' is the definition.
(I've seen this in another clue)
'sorting out' is the wordplay.
'out' is an anagram indicator (out can mean wrong or inaccurate).
'sorting' anagrammed gives 'STORING'.
'and' acts as a link.
(Other definitions for storing that I've seen before include "Stashing away" , "Putting aside" , "hoarding" .)