The entropy squeezing properties for a two-level atom interacting with a two-mode field via two different competing transitions are investigated from a quantum information point of view. The influences of the initial state of the system and the relative coupling strength between the atom and the field on the atomic information entropy squeezing are discussed. Our results show that the squeezed direction and the frequency of the information entropy squeezing can be controlled by choosing the phase of the atom dipole and the relative competing strength of atom-field, respectively. We find that, under the same condition, no atomic variance squeezing is predicted from the HUR while optimal entropy squeezing is obtained from the EUR, so the quantum information entropy is a remarkable precision measure for the atomic squeezing in the considered system.