The invention discloses a method for preparing calcium zinc compound stabilizer used for the processing of PVC plastic; the invention is characterized by comprising: (1) organic acid, calcium oxide, and zinc oxide powder are dispersed in a water phase, and then under the function of a phase transfer catalyst, an organic acid calcium zinc compound is generated by reaction; (2) the compound which is obtained in step (1) is heated and added with an oil and grease substance, and then stirred until the material is completely separated from the water phase; and (3) the product which is obtained by separation is placed in a two-roll kneading machine, later heated to 130 DEG C, and then stirred and gradually added with antioxidant, stabilizing additives, and organic stabilizer; after tabletting and forming, a finished product is obtained. The invention is finished by one step, has short flow process, and does not produce waste; the formula of the method is optimized, the obtained composite calcium zinc stabilizer has high thermal efficiency, and the stabilizing time is improved by 50-100% compared with the products sold in the market; and the product takes the shape of a tablet or small particle, and has the advantages of no dust pollution, low beginning melting temperature, and wide adaptability.