-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-04-010357.txt : 20040217
<SEC-HEADER>0001181431-04-010357.hdr.sgml : 20040216
<ACCEPTANCE-DATETIME>20040217202018
ACCESSION NUMBER:		0001181431-04-010357
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040217

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:			BISHOP BENJAMIN C JR
		CENTRAL INDEX KEY:			0001197127

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09997
		FILM NUMBER:		04611515

	BUSINESS ADDRESS:	
		STREET 1:		50 N LAURA ST STE 3625
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
		BUSINESS PHONE:		9043545573

	MAIL ADDRESS:	
		STREET 1:		50 N LAURA ST STE 3625
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>rrd33662.xml
<DESCRIPTION>FORM 5
<TEXT>
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<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2003-12-31</periodOfReport>

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    <form4TransactionsReported>1</form4TransactionsReported>

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        <issuerCik>0000835664</issuerCik>
        <issuerName>KOGER EQUITY INC</issuerName>
        <issuerTradingSymbol>KE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001197127</rptOwnerCik>
            <rptOwnerName>BISHOP BENJAMIN C JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>KOGER EQUITY, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>225 NE MIZNER BLVD. SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33432</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

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            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2002-04-01</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
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                <transactionCode>A</transactionCode>
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                <transactionCode>A</transactionCode>
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            <transactionAmounts>
                <transactionShares>
                    <value>328.003</value>
                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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                <value>2002-11-01</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
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                <transactionShares>
                    <value>121.86</value>
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                <transactionPricePerShare>
                    <value>15.79</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                    <footnoteId id="F15"/>
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                <directOrIndirectOwnership>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2002-11-07</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>410.846</value>
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                <transactionPricePerShare>
                    <value>15.8915</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                    <footnoteId id="F16"/>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2002-12-02</value>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>123.344</value>
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                <transactionPricePerShare>
                    <value>15.60</value>
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                    <value>A</value>
                    <footnoteId id="F17"/>
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    <footnotes>
        <footnote id="F1">The shares of Common Stock were acquired pursuant to Koger Equity, Inc.'s (&quot;Koger&quot;) Stock Investment Plan</footnote>
        <footnote id="F2">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F3">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F4">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F5">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F6">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F7">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F8">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F9">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F10">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F11">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F12">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F13">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F14">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F15">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F16">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
        <footnote id="F17">The shares of Common Stock were acquired pursuant to Koger's Stock Investment Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Benjamin C Bishop, Jr.</signatureName>
        <signatureDate>2004-02-17</signatureDate>
    </ownerSignature>
</ownershipDocument>

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</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----