The invention relates to a compound inoculant for improvement of saline-alkali soil and particularly provides a novel compound inoculant for improvement of saline-alkali soil, and preparation and applications of same. Bacillus amyloliquefaciens, bacillus megatherium, bacillus mucilaginosus and paenibacillus azotofixans are fermented respectively to obtain fermentation liquids, which are then mixed with a carrier respectively according to certain volume-weight ratio (V / kg); the mixtures are dried at low temperature and finally are compounded according to ratio. The compound inoculant is a powder agent, wherein the microorganisms therein are functional bacteria, and the inoculant is high in living bacteria number and especially contains high-activity metabolic products, so that the compound inoculant is suitable for being mixed with a base fertilizer, especially high-quality farmyard manure, for use. When being applied in soil, high environment adaption capability and high reproduction speed are achieved. The compound inoculant can increase beneficial microbial flora in rhizosphere and rapidly decompose organic substances for absorption and utilization by plants, can reduce the alkalinity of soil, improve fertility of soil and improve the water permeability and retention and breathability properties of the soil, and can accelerate growth of root system and prevent spreading of soil-borne diseases, thereby maintaining ecological balance, reducing cost and improving the saline-alkali soil.