The invention discloses a multifunctional compound prepared from animal bile and a method for preparing the multifunctional compound. The multifunctional compound is prepared from the animal bile, honey and potassium sorbate. The multifunctional compound and the method have the advantages that the healthful fresh animal bile, the honey and the potassium sorbate are sufficiently mixed with one another, abundant nutritional components in the bile and the honey and natural antibacterial, antiseptic and freshness preserving characteristics of the bile and the honey are utilized, accordingly, the biological activity of all substances in the animal bile and the honey can be effectively retained and are compatible and complementary to one another, and the compound with multiple functions can be prepared by the aid of the method and can be used for extracting and preparing biological medicines, skin care and beauty cosmetics and the like.