Ammonium dihydrogen phosphate (ADP) is a nitrogen-phosphorus-based inorganic flame retardant that is environmentally friendly and non-toxic. Wood treated with ADP has enhanced thermal stability and flame retardancy. Compounding ADP with Acid Red 3R dye further improves the decorative effect of the wood on the basis of excellent flame retardancy, resulting in a kind of dyeing and flame retardant multifunctionalized wood. Single-factor tests were designed to investigate the effects of flame retardant concentration, dye concentration, temperature, and time on three evaluation indexes: dye-uptake, color difference, and oxygen index, respectively. Through SEM and FTIR analysis, it was found that after the wood was simultaneously treated with flame retardant and dye, the two additives were aggregated in the grain pores of the cell wall by a simple physical combination. They did not undergo a chemical reaction. TG analysis showed that fire-retardant dyed wood had good thermal stability, which can delay the thermal degradation of wood and increase the residual charcoal rate of wood. XRD showed that the crystallinity of fire-retardant dyed wood increased compared to untreated wood. Through cone calorimetric test, it is found that flame retardant dyed veneer had excellent flame retardancy.