In dynamic analyses of important structures, seismic input may be defined in the form of time series. It is required that the response spectrum of this input time series be compatible with a specified target response spectrum. Time domain spectral matching, which is used to generate spectrum compatible acceleration time series, is investigated in some detail. First, a new, improved wavelet is presented, and the new adjustment wavelet can prevent drifts in the resulting velocity and displacement time series without applying a baseline correction. Next, the analytical solution of the matrix accounting for the cross correlation of each wavelet is given in order to ensure the speed of the matching procedure. Finally, some aspects, such as the reduction factors and the matching order, are discussed to ensure the stability and efficiency of the matching procedure. Accordingly, the characteristics of the matching procedure are illustrated by numerical examples.