-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TuJp9buqcW9u65jdek1xOtz+DMXiSQmXw4GYjNmGmDoGabEao+7H4Mowp3yCS156
 oCMOFYSpihY68wvx9Bm6wQ==

<SEC-DOCUMENT>0001157523-03-004963.txt : 20030923
<SEC-HEADER>0001157523-03-004963.hdr.sgml : 20030923
<ACCEPTANCE-DATETIME>20030923164813
ACCESSION NUMBER:		0001157523-03-004963
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030916
FILED AS OF DATE:		20030923

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOGER EQUITY INC
		CENTRAL INDEX KEY:			0000835664
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				592898045
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8880 FREEDOM CROSSING TRAIL
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32256
		BUSINESS PHONE:		9047321000

	MAIL ADDRESS:	
		STREET 1:		8880 FREEDOM CROSSING TRAIL
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32256

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ABNEY STEVEN A
		CENTRAL INDEX KEY:			0001222947

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09997
		FILM NUMBER:		03906411

	BUSINESS ADDRESS:	
		STREET 1:		KOGER EQUITY INC
		STREET 2:		225 NE MIZNER BLVD STE 200
		CITY:			BOACA RATON
		STATE:			FL
		ZIP:			33432
		BUSINESS PHONE:		5614471886

	MAIL ADDRESS:	
		STREET 1:		225 NE MIZNER BLVD STE 200
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33432
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>a4479033_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-09-16</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000835664</issuerCik>
        <issuerName>KOGER EQUITY INC</issuerName>
        <issuerTradingSymbol>KE</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001222947</rptOwnerCik>
            <rptOwnerName>ABNEY STEVEN A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>KOGER EQUITY INC</rptOwnerStreet1>
            <rptOwnerStreet2>225 NE MIZNER BLVD STE 200</rptOwnerStreet2>
            <rptOwnerCity>BOACA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33432</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>VP Finance and CAO</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>KE Common Stock in Stock Invest. Plan</value>
      </securityTitle>
      <transactionDate>
         <value>2003-09-16</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>113.774</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>18.85</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <ownerSignature>
      <signatureName>Steven A. Abney</signatureName>
      <signatureDate>2003-09-23</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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