diff --git a/erpnext/accounts/doctype/payment_request/payment_request.py b/erpnext/accounts/doctype/payment_request/payment_request.py
index 93faa06a1a2..c4d6f11f85b 100644
--- a/erpnext/accounts/doctype/payment_request/payment_request.py
+++ b/erpnext/accounts/doctype/payment_request/payment_request.py
@@ -931,7 +931,7 @@ def apply_payment_references(pr, payment_reference):
 
 
 def set_payment_references(payment_schedules):
-	payment_schedules = json.loads(payment_schedules) if payment_schedules else []
+	payment_schedules = frappe.parse_json(payment_schedules) if payment_schedules else []
 	payment_reference = []
 
 	for row in payment_schedules: