diff --git a/frappe/core/doctype/server_script/server_script.json b/frappe/core/doctype/server_script/server_script.json
index 3aedd4f542..67cb6e75ea 100644
--- a/frappe/core/doctype/server_script/server_script.json
+++ b/frappe/core/doctype/server_script/server_script.json
@@ -9,6 +9,7 @@
   "script_type",
   "reference_doctype",
   "event_frequency",
+  "cron_format",
   "doctype_event",
   "api_method",
   "allow_guest",
@@ -99,7 +100,7 @@
    "fieldtype": "Select",
    "label": "Event Frequency",
    "mandatory_depends_on": "eval:doc.script_type == \"Scheduler Event\"",
-   "options": "All\nHourly\nDaily\nWeekly\nMonthly\nYearly\nHourly Long\nDaily Long\nWeekly Long\nMonthly Long"
+   "options": "All\nHourly\nDaily\nWeekly\nMonthly\nYearly\nHourly Long\nDaily Long\nWeekly Long\nMonthly Long\nCron"
   },
   {
    "fieldname": "module",
@@ -132,6 +133,12 @@
    "fieldname": "rate_limit_seconds",
    "fieldtype": "Int",
    "label": "Time Window (Seconds)"
+  },
+  {
+   "depends_on": "eval:doc.event_frequency==='Cron'",
+   "fieldname": "cron_format",
+   "fieldtype": "Data",
+   "label": "Cron Format"
   }
  ],
  "index_web_pages_for_search": 1,
@@ -141,7 +148,7 @@
    "link_fieldname": "server_script"
   }
  ],
- "modified": "2023-05-16 11:03:58.282680",
+ "modified": "2023-05-27 16:33:16.595424",
  "modified_by": "Administrator",
  "module": "Core",
  "name": "Server Script",
diff --git a/frappe/core/doctype/server_script/server_script.py b/frappe/core/doctype/server_script/server_script.py
index a9b870e240..07808d619b 100644
--- a/frappe/core/doctype/server_script/server_script.py
+++ b/frappe/core/doctype/server_script/server_script.py
@@ -52,11 +52,16 @@ class ServerScript(Document):
 	def sync_scheduler_events(self):
 		"""Create or update Scheduled Job Type documents for Scheduler Event Server Scripts"""
 		if not self.disabled and self.event_frequency and self.script_type == "Scheduler Event":
-			setup_scheduler_events(script_name=self.name, frequency=self.event_frequency)
+			cron_format = self.cron_format if self.event_frequency == "Cron" else None
+			setup_scheduler_events(
+				script_name=self.name, frequency=self.event_frequency, cron_format=cron_format
+			)
 
 	def clear_scheduled_events(self):
-		"""Deletes existing scheduled jobs by Server Script if self.event_frequency has changed"""
-		if self.script_type == "Scheduler Event" and self.has_value_changed("event_frequency"):
+		"""Deletes existing scheduled jobs by Server Script if self.event_frequency or self.cron_format has changed"""
+		if self.script_type == "Scheduler Event" and (
+			self.has_value_changed("event_frequency") or self.has_value_changed("cron_format")
+		):
 			for scheduled_job in self.scheduled_jobs:
 				frappe.delete_doc("Scheduled Job Type", scheduled_job.name)
 
@@ -171,7 +176,7 @@ class ServerScript(Document):
 		return items
 
 
-def setup_scheduler_events(script_name, frequency):
+def setup_scheduler_events(script_name: str, frequency: str, cron_format: str | None = None):
 	"""Creates or Updates Scheduled Job Type documents based on the specified script name and frequency
 
 	Args:
@@ -188,6 +193,7 @@ def setup_scheduler_events(script_name, frequency):
 				"method": method,
 				"frequency": frequency,
 				"server_script": script_name,
+				"cron_format": cron_format,
 			}
 		).insert()
 
@@ -200,6 +206,7 @@ def setup_scheduler_events(script_name, frequency):
 			return
 
 		doc.frequency = frequency
+		doc.cron_format = cron_format
 		doc.save()
 
 		frappe.msgprint(_("Scheduled execution for script {0} has updated").format(script_name))
diff --git a/frappe/core/doctype/server_script/test_server_script.py b/frappe/core/doctype/server_script/test_server_script.py
index 3d11a02ca4..4371806b32 100644
--- a/frappe/core/doctype/server_script/test_server_script.py
+++ b/frappe/core/doctype/server_script/test_server_script.py
@@ -3,6 +3,7 @@
 import requests
 
 import frappe
+from frappe.core.doctype.scheduled_job_type.scheduled_job_type import sync_jobs
 from frappe.frappeclient import FrappeClient, FrappeException
 from frappe.tests.utils import FrappeTestCase
 from frappe.utils import get_site_url
@@ -283,3 +284,37 @@ frappe.qb.from_(todo).select(todo.name).where(todo.name == "{todo.name}").run()
 		script1.delete()
 		script2.delete()
 		frappe.db.commit()
+
+	def test_server_script_scheduled(self):
+		scheduled_script = frappe.get_doc(
+			doctype="Server Script",
+			name="scheduled_script_wo_cron",
+			script_type="Scheduler Event",
+			script="""frappe.flags = {"test": True}""",
+			event_frequency="Hourly",
+		).insert()
+
+		cron_script = frappe.get_doc(
+			doctype="Server Script",
+			name="scheduled_script_w_cron",
+			script_type="Scheduler Event",
+			script="""frappe.flags = {"test": True}""",
+			event_frequency="Cron",
+			cron_format="0 0 1 1 *",  # 1st january
+		).insert()
+
+		# Ensure that jobs remain in DB after migrate
+		sync_jobs()
+		self.assertTrue(frappe.db.exists("Scheduled Job Type", {"server_script": scheduled_script.name}))
+
+		cron_job_name = frappe.db.get_value("Scheduled Job Type", {"server_script": cron_script.name})
+		self.assertTrue(cron_job_name)
+
+		cron_job = frappe.get_doc("Scheduled Job Type", cron_job_name)
+		self.assertEqual(cron_job.next_execution.day, 1)
+		self.assertEqual(cron_job.next_execution.month, 1)
+
+		cron_script.cron_format = "0 0 2 1 *"  # 2nd january
+		cron_script.save()
+		cron_job.reload()
+		self.assertEqual(cron_job.next_execution.day, 2)