Monthly timesheets - precautions?

[chbee]

Hi,
Recent entrant here, and relatively new to contracting. I tried searching for this topic, but didn't find a specific answer so posting here (apologies if this has been covered before)

The gist of it is, I signed a contract today (starting on Monday), after a few months on the...

[7656]

I have secured my first contact and have been advised by the agency the following with regards to the payment terms:
- Getting a client to sign my timesheets weekly
- Client provides the agency with monthly authorized report
- Me invoicing agency at the end of each month
...